Knights of Columbus Asset Advisors LLC Has $4 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Knights of Columbus Asset Advisors LLC grew its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,821 shares of the bank’s stock after buying an additional 797 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Toronto-Dominion Bank were worth $3,995,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TD shares. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a “hold” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Finally, Barclays initiated coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Trading Up 1.5 %

NYSE:TD opened at $58.09 on Friday. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. 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 stock has a market capitalization of $102.42 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The business’s 50-day simple moving average is $59.37 and its 200-day simple moving average is $60.06.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share 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 business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Sell-side analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

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.