International Assets Investment Management LLC Invests $2.96 Million in The Toronto-Dominion Bank (NYSE:TD)

International Assets Investment Management LLC acquired a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 45,816 shares of the bank’s stock, valued at approximately $2,961,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth approximately $26,000. Fortis Capital Advisors LLC acquired a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $26,000. PCA Investment Advisory Services Inc. acquired a new stake in Toronto-Dominion Bank in the 2nd quarter worth approximately $26,000. Bray Capital Advisors boosted its stake in Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Toronto-Dominion Bank in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $57.25 on Friday. 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 Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15. The company has a 50 day simple moving average of $59.39 and a two-hundred day simple moving average of $60.05. The stock has a market cap of $100.94 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.73 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 EPS 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, analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 30.56%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.