Crescent Sterling Ltd. Has $1.44 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Crescent Sterling Ltd. reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.5% in the 1st quarter, HoldingsChannel reports. The firm owned 23,815 shares of the bank’s stock after selling 855 shares during the period. Toronto-Dominion Bank makes up about 1.3% of Crescent Sterling Ltd.’s portfolio, making the stock its 26th largest position. Crescent Sterling Ltd.’s holdings in Toronto-Dominion Bank were worth $1,438,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TD. Bray Capital Advisors raised its holdings in Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Mather Group LLC. bought a new position in shares of Toronto-Dominion Bank during the first quarter worth approximately $29,000. Bank of New Hampshire bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Avior Wealth Management LLC increased its holdings in shares of Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares during the period. Finally, Optiver Holding B.V. bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down $0.01 during mid-day trading on Tuesday, reaching $59.32. The company had a trading volume of 2,182,471 shares, compared to its average volume of 2,963,223. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week 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 $104.59 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.83 and a beta of 0.86. The business has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $60.09.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a $0.7519 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.07%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

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.