Connecticut Wealth Management LLC Acquires 371 Shares of The Toronto-Dominion Bank (NYSE:TD)

Connecticut Wealth Management LLC boosted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,980 shares of the bank’s stock after buying an additional 371 shares during the period. Connecticut Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $257,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in Toronto-Dominion Bank by 2.5% during the third quarter. Commonwealth Equity Services LLC now owns 128,853 shares of the bank’s stock worth $7,765,000 after acquiring an additional 3,179 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Toronto-Dominion Bank by 1.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 56,810 shares of the bank’s stock worth $3,423,000 after acquiring an additional 1,053 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Toronto-Dominion Bank by 33.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 58,964 shares of the bank’s stock worth $3,553,000 after acquiring an additional 14,726 shares during the period. Stratos Wealth Partners LTD. increased its position in Toronto-Dominion Bank by 2.1% during the third quarter. Stratos Wealth Partners LTD. now owns 19,952 shares of the bank’s stock worth $1,202,000 after acquiring an additional 411 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Toronto-Dominion Bank by 18.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 624,298 shares of the bank’s stock worth $37,786,000 after acquiring an additional 99,373 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up $0.81 on Monday, hitting $55.47. The company’s stock had a trading volume of 2,510,476 shares, compared to its average volume of 3,042,434. The firm has a market cap of $97.80 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. 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 company has a fifty day moving average price of $59.16 and a 200-day moving average price of $60.04. The Toronto-Dominion Bank has a one year low of $54.12 and a one year high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.77 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were issued a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.42%. Toronto-Dominion Bank’s dividend payout ratio is presently 64.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $89.33.

About Toronto-Dominion Bank

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.