Sandy Spring Bank Acquires 493 Shares of The Toronto-Dominion Bank (NYSE:TD)

Posted by Defense World Staff on Aug 8th, 2023

Sandy Spring Bank increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 163.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 795 shares of the bank’s stock after acquiring an additional 493 shares during the period. Sandy Spring Bank’s holdings in Toronto-Dominion Bank were worth $48,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its position in shares of Toronto-Dominion Bank by 4.2% in the 4th quarter. CWM LLC now owns 3,631 shares of the bank’s stock worth $235,000 after acquiring an additional 148 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Toronto-Dominion Bank by 1.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after acquiring an additional 161 shares in the last quarter. Richard P Slaughter Associates Inc raised its position in shares of Toronto-Dominion Bank by 0.8% in the 1st quarter. Richard P Slaughter Associates Inc now owns 20,592 shares of the bank’s stock worth $1,233,000 after acquiring an additional 163 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Toronto-Dominion Bank by 15.9% in the 4th quarter. Fifth Third Bancorp now owns 1,208 shares of the bank’s stock worth $78,000 after acquiring an additional 166 shares in the last quarter. Finally, SVB Wealth LLC raised its position in shares of Toronto-Dominion Bank by 4.5% in the 4th quarter. SVB Wealth LLC now owns 4,218 shares of the bank’s stock worth $273,000 after acquiring an additional 183 shares in the last quarter. 44.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TD. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 15th. CIBC upgraded Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a research note on Monday, April 17th. Credit Suisse Group upgraded Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 8th. Finally, Barclays downgraded Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.83.

Read Our Latest Analysis on Toronto-Dominion Bank

Toronto-Dominion Bank Stock Up 0.4 %

Toronto-Dominion Bank stock opened at $64.79 on Tuesday. The company has a market cap of $118.94 billion, a PE ratio of 10.87, a PEG ratio of 1.70 and a beta of 0.90. The business’s 50-day simple moving average is $61.66 and its two-hundred day simple moving average is $62.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. The Toronto-Dominion Bank has a fifty-two week low of $55.43 and a fifty-two week high of $70.67.

Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last issued its quarterly earnings data on Thursday, May 25th. The bank reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.09). The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $9.10 billion. Toronto-Dominion Bank had a net margin of 17.72% and a return on equity of 15.51%. Equities analysts anticipate that The Toronto-Dominion Bank will post 6.09 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were issued a $0.709 dividend. The ex-dividend date was Friday, July 7th. This represents a $2.84 dividend on an annualized basis and a yield of 4.38%. Toronto-Dominion Bank’s payout ratio is 48.66%.

Toronto-Dominion Bank Company Profile

(Free Report)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.