Asset Planning Inc Makes New $104,000 Investment in The Toronto-Dominion Bank (NYSE:TD)

Asset Planning Inc purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,957 shares of the bank’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TD. CWM LLC boosted its holdings in Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after acquiring an additional 170 shares during the period. Creative Planning raised its position in shares of Toronto-Dominion Bank by 9.8% during the 3rd quarter. Creative Planning now owns 144,251 shares of the bank’s stock valued at $9,125,000 after acquiring an additional 12,879 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Toronto-Dominion Bank by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 22,679 shares of the bank’s stock valued at $1,435,000 after acquiring an additional 610 shares in the last quarter. Probity Advisors Inc. raised its position in shares of Toronto-Dominion Bank by 16.0% during the 3rd quarter. Probity Advisors Inc. now owns 19,236 shares of the bank’s stock valued at $1,217,000 after acquiring an additional 2,655 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Toronto-Dominion Bank by 5.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,381 shares of the bank’s stock valued at $530,000 after acquiring an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TD. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.1 %

NYSE:TD opened at $59.91 on Friday. The stock has a fifty day simple moving average of $55.06 and a 200 day simple moving average of $57.43. The firm has a market capitalization of $104.86 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 84.15%.

Toronto-Dominion Bank Company 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.