Vise Technologies Inc. Acquires 563 Shares of The Toronto-Dominion Bank (NYSE:TD)

Vise Technologies Inc. lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,797 shares of the bank’s stock after buying an additional 563 shares during the period. Vise Technologies Inc.’s holdings in Toronto-Dominion Bank were worth $504,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cooper Financial Group raised its stake in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after buying an additional 188 shares during the period. Cape Cod Five Cents Savings Bank boosted its position in Toronto-Dominion Bank by 100.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock valued at $1,011,000 after buying an additional 8,390 shares during the period. CWM LLC boosted its stake in shares of Toronto-Dominion Bank by 15.2% during the fourth quarter. CWM LLC now owns 6,528 shares of the bank’s stock valued at $422,000 after purchasing an additional 863 shares during the period. Schechter Investment Advisors LLC boosted its holdings in Toronto-Dominion Bank by 6.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock valued at $497,000 after acquiring an additional 434 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Toronto-Dominion Bank by 35.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848,539 shares of the bank’s stock valued at $55,098,000 after acquiring an additional 224,241 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of TD traded up $0.17 during trading hours on Wednesday, hitting $56.89. The company had a trading volume of 1,941,553 shares, compared to its average volume of 3,051,857. The firm has a fifty day moving average price of $58.67 and a 200-day moving average price of $60.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $100.10 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.78 and a beta of 0.84. The Toronto-Dominion Bank has a 52-week low of $54.12 and a 52-week high of $66.15.

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

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.29%. Toronto-Dominion Bank’s payout ratio is 64.53%.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on TD

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.

Further Reading

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

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