SVB Wealth LLC Has $209,000 Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

SVB Wealth LLC trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,233 shares of the bank’s stock after selling 613 shares during the period. SVB Wealth LLC’s holdings in Toronto-Dominion Bank were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bray Capital Advisors raised its holdings in Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after buying an additional 310 shares during the period. Arlington Trust Co LLC acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $42,000. Bruce G. Allen Investments LLC acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $50,000. Independence Bank of Kentucky acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $60,000. Finally, Hexagon Capital Partners LLC raised its holdings in Toronto-Dominion Bank by 52.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 988 shares of the bank’s stock worth $60,000 after buying an additional 340 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $58.92 on Wednesday. The stock has a market capitalization of $103.89 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.81 and a beta of 0.86. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The company has a 50 day moving average of $59.37 and a 200-day moving average of $60.08. 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 released its earnings results 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 net margin of 11.16% and a return on equity of 14.15%. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. As a group, equities research analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS 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 paid a $0.7519 dividend. 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 5.10%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating for the company. Finally, Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.