Lindbrook Capital LLC Buys 890 Shares of The Toronto-Dominion Bank (NYSE:TD)

Lindbrook Capital LLC raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,790 shares of the bank’s stock after buying an additional 890 shares during the quarter. Lindbrook Capital LLC’s holdings in Toronto-Dominion Bank were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Toronto-Dominion Bank by 1.8% during the third quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock valued at $4,361,876,000 after acquiring an additional 1,303,730 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Toronto-Dominion Bank by 0.4% in the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after purchasing an additional 76,129 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after buying an additional 2,870,662 shares during the last quarter. Toronto Dominion Bank grew its stake in Toronto-Dominion Bank by 0.9% during the 3rd quarter. Toronto Dominion Bank now owns 14,630,614 shares of the bank’s stock worth $881,641,000 after buying an additional 126,116 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Toronto-Dominion Bank by 3.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,171,750 shares of the bank’s stock valued at $673,210,000 after buying an additional 342,932 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $58.56 on Tuesday. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. 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 company has a market cap of $103.25 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The company’s 50 day moving average is $59.35 and its 200 day moving average is $60.08.

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, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Monday, April 8th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is 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.