Legal & General Group Plc Acquires 419,105 Shares of Toronto Dominion Bank (The) $TD

Legal & General Group Plc raised its holdings in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,148,324 shares of the bank’s stock after buying an additional 419,105 shares during the quarter. Legal & General Group Plc’s holdings in Toronto Dominion Bank were worth $957,711,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TD. Smartleaf Asset Management LLC lifted its stake in shares of Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after buying an additional 208 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto Dominion Bank in the third quarter valued at $48,000. Finally, Entrust Financial LLC bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at $55,000. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Up 0.0%

TD opened at $111.92 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day moving average is $101.42 and its 200 day moving average is $95.03. Toronto Dominion Bank has a fifty-two week low of $66.53 and a fifty-two week high of $112.32. The firm has a market capitalization of $185.37 billion, a P/E ratio of 12.37, a PEG ratio of 1.25 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same period last year, the firm earned $2.02 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. Research analysts expect that Toronto Dominion Bank will post 6.89 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TD. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on TD

About Toronto Dominion Bank

(Free Report)

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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