SHP Wealth Management acquired a new position in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,609 shares of the bank’s stock, valued at approximately $623,000.
A number of other institutional investors have also recently bought and sold shares of TD. Norges Bank purchased a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at $2,125,963,000. Canerector Inc. boosted its holdings in shares of Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after buying an additional 22,056,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock worth $1,121,660,000 after buying an additional 3,496,645 shares during the last quarter. Alberta Investment Management Corp bought a new position in Toronto Dominion Bank during the fourth quarter valued at about $299,850,000. Finally, Massachusetts Financial Services Co. MA grew its position in Toronto Dominion Bank by 25.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after buying an additional 3,129,457 shares during the period. Institutional investors own 52.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TD. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 11th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.
Toronto Dominion Bank Trading Up 0.1%
Shares of TD opened at $119.38 on Friday. Toronto Dominion Bank has a fifty-two week low of $70.50 and a fifty-two week high of $120.27. The business has a 50-day moving average of $109.64 and a 200 day moving average of $99.55. The firm has a market cap of $197.27 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue was down 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. As a group, research analysts forecast that Toronto Dominion Bank will post 6.92 EPS for the current year.
Toronto Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is currently 48.52%.
Toronto Dominion Bank Company Profile
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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