Signaturefd LLC Purchases 2,256 Shares of The Toronto-Dominion Bank (NYSE:TD)

Signaturefd LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,044 shares of the bank’s stock after acquiring an additional 2,256 shares during the period. Signaturefd LLC’s holdings in Toronto-Dominion Bank were worth $1,295,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new stake in shares of Toronto-Dominion Bank during the first quarter worth about $26,000. Fortis Capital Advisors LLC purchased a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth approximately $26,000. Bray Capital Advisors increased its stake in shares of Toronto-Dominion Bank by 206.7% during the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in shares of Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of several recent analyst reports. 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. 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, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Five research 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 currently has a consensus rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $58.09 on Monday. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15. The firm has a market capitalization of $102.42 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.79 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $59.37 and a two-hundred day simple moving average of $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion during 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%. On average, equities 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 business also recently declared 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 annualized dividend and a dividend yield of 5.18%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

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.