Guardian Capital Advisors LP Has $55.99 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Guardian Capital Advisors LP cut its holdings in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849,859 shares of the bank’s stock after selling 7,097 shares during the quarter. Toronto-Dominion Bank makes up approximately 5.8% of Guardian Capital Advisors LP’s holdings, making the stock its 2nd largest holding. Guardian Capital Advisors LP’s holdings in Toronto-Dominion Bank were worth $55,991,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TD. Bank of New Hampshire purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC raised its holdings in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $50,000. Bfsg LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $57,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TD shares. Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays started coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of $89.33.

View Our Latest Stock Report on TD

Toronto-Dominion Bank Stock Down 0.1 %

Shares of NYSE TD traded down $0.06 during trading on Tuesday, reaching $56.70. The company had a trading volume of 2,760,226 shares, compared to its average volume of 3,060,585. The business’s 50-day moving average is $58.72 and its 200 day moving average is $60.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $99.77 billion, a PE ratio of 12.12, a P/E/G ratio of 1.78 and a beta of 0.84. The Toronto-Dominion Bank has a 12-month low of $54.12 and a 12-month high of $66.15.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 5.76 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.30%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is presently 64.53%.

About Toronto-Dominion Bank

(Free Report)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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