Pure Financial Advisors LLC Makes New Investment in Toronto Dominion Bank (The) $TD

Pure Financial Advisors LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,337 shares of the bank’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Rehmann Capital Advisory Group bought a new position in shares of Toronto Dominion Bank in the 4th quarter worth approximately $466,000. SHP Wealth Management bought a new stake in Toronto Dominion Bank during the fourth quarter valued at approximately $623,000. Reflection Asset Management purchased a new stake in Toronto Dominion Bank during the fourth quarter valued at approximately $91,000. SG Trading Solutions LLC purchased a new stake in Toronto Dominion Bank during the fourth quarter valued at approximately $308,000. Finally, Compound Planning Inc. raised its position in Toronto Dominion Bank by 13.5% in the fourth quarter. Compound Planning Inc. now owns 24,264 shares of the bank’s stock worth $2,286,000 after acquiring an additional 2,889 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $119.38 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Toronto Dominion Bank has a 1-year low of $70.50 and a 1-year high of $120.27. The company has a market capitalization of $197.27 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.32 and a beta of 0.72. The firm’s 50 day simple moving average is $109.64 and its two-hundred day simple moving average is $99.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 earnings per share. Research analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 3.8%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is currently 48.52%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.