Crestwood Advisors Group LLC Buys Shares of 3,645 The Toronto-Dominion Bank (NYSE:TD)

Crestwood Advisors Group LLC acquired a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,645 shares of the bank’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after acquiring an additional 1,303,730 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Toronto-Dominion Bank by 2.0% during the 4th quarter. 1832 Asset Management L.P. now owns 23,907,865 shares of the bank’s stock worth $1,548,273,000 after acquiring an additional 468,658 shares during the last quarter. Norges Bank acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $1,484,341,000. CIBC Asset Management Inc lifted its position in Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after acquiring an additional 76,129 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after acquiring an additional 2,870,662 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $56.57 on Tuesday. The stock has a market cap of $99.74 billion, a P/E ratio of 12.09, a PEG ratio of 1.75 and a beta of 0.86. The company’s 50-day simple moving average is $59.55 and its 200 day simple moving average is $60.12. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, research analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a $0.7519 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.32%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is presently 30.56%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TD shares. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Barclays began coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a “hold” rating on the stock. Finally, Bank of America downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a report on Monday, December 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Profile

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.