Simplicity Solutions LLC Acquires 872 Shares of The Toronto-Dominion Bank (NYSE:TD)

Simplicity Solutions LLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,073 shares of the bank’s stock after acquiring an additional 872 shares during the quarter. Simplicity Solutions LLC’s holdings in Toronto-Dominion Bank were worth $457,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Raymond James Trust N.A. raised its holdings in shares of Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after buying an additional 161 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Toronto-Dominion Bank by 10.6% during the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock valued at $117,000 after buying an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock valued at $1,301,000 after buying an additional 174 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Toronto-Dominion Bank by 7.7% during the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after buying an additional 174 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Toronto-Dominion Bank by 2.3% during the 1st quarter. State Street Corp now owns 8,058 shares of the bank’s stock valued at $483,000 after buying an additional 184 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $57.25 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50 day simple moving average is $59.39 and its two-hundred day simple moving average is $60.05. The stock has a market capitalization of $100.94 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. The Toronto-Dominion Bank has a one year low of $54.69 and a one year high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its 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 return on equity of 14.15% and a net margin of 11.16%. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. The ex-dividend date is Monday, April 8th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. Toronto-Dominion Bank’s payout ratio is 30.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TD. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Barclays assumed coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.