Raub Brock Capital Management LP Buys 7,202 Shares of Toronto-Dominion Bank (TD)
Raub Brock Capital Management LP increased its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.6% during the first quarter, Holdings Channel reports. The firm owned 286,552 shares of the bank’s stock after buying an additional 7,202 shares during the period. Toronto-Dominion Bank comprises 4.2% of Raub Brock Capital Management LP’s holdings, making the stock its 10th largest position. Raub Brock Capital Management LP’s holdings in Toronto-Dominion Bank were worth $14,353,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. boosted its stake in shares of Toronto-Dominion Bank by 0.5% in the third quarter. Neville Rodie & Shaw Inc. now owns 22,090 shares of the bank’s stock valued at $980,000 after buying an additional 100 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Toronto-Dominion Bank by 1.9% in the third quarter. Checchi Capital Advisers LLC now owns 6,548 shares of the bank’s stock valued at $291,000 after buying an additional 123 shares during the period. Private Advisor Group LLC boosted its stake in shares of Toronto-Dominion Bank by 0.6% in the fourth quarter. Private Advisor Group LLC now owns 23,138 shares of the bank’s stock valued at $1,183,000 after buying an additional 130 shares during the period. Stephens Inc. AR boosted its stake in shares of Toronto-Dominion Bank by 0.9% in the third quarter. Stephens Inc. AR now owns 16,684 shares of the bank’s stock valued at $741,000 after buying an additional 145 shares during the period. Finally, Wetherby Asset Management Inc. boosted its stake in shares of Toronto-Dominion Bank by 1.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 19,814 shares of the bank’s stock valued at $977,000 after buying an additional 324 shares during the period. 53.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Toronto-Dominion Bank (NYSE:TD) traded down 0.80% during mid-day trading on Friday, reaching $48.59. The company’s stock had a trading volume of 1,609,619 shares. The stock has a market capitalization of $90.20 billion, a price-to-earnings ratio of 13.53 and a beta of 0.97. Toronto-Dominion Bank has a 52 week low of $41.36 and a 52 week high of $54.44. The company’s 50-day moving average is $49.81 and its 200-day moving average is $48.96.
Toronto-Dominion Bank (NYSE:TD) last announced its quarterly earnings data on Thursday, March 2nd. The bank reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.03. The firm earned $9.12 billion during the quarter, compared to the consensus estimate of $8.47 billion. Toronto-Dominion Bank had a net margin of 21.61% and a return on equity of 18.23%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. Equities analysts predict that Toronto-Dominion Bank will post $3.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Monday, April 10th will be given a $0.451 dividend. The ex-dividend date is Thursday, April 6th. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.41. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.07%.
Several brokerages have issued reports on TD. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $73.00 to $68.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.09.
About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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