Nikko Asset Management Americas Inc. continued to hold its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,000 shares of the company’s stock at the end of the third quarter. Nikko Asset Management Americas Inc.’s holdings in Toronto Dominion Bank (The) were worth $488,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Toronto Dominion Bank (The) by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 617,696 shares of the company’s stock worth $26,388,000 after buying an additional 12,038 shares during the last quarter. AGF Investments Inc. raised its position in Toronto Dominion Bank (The) by 22.3% in the second quarter. AGF Investments Inc. now owns 3,116,196 shares of the company’s stock worth $133,772,000 after buying an additional 567,440 shares during the last quarter. CGOV Asset Management bought a new position in Toronto Dominion Bank (The) during the third quarter worth $228,071,000. Emerald Acquisition Ltd. bought a new position in Toronto Dominion Bank (The) during the second quarter worth $208,888,000. Finally, Parsec Financial Management Inc. raised its position in Toronto Dominion Bank (The) by 7.5% in the second quarter. Parsec Financial Management Inc. now owns 237,674 shares of the company’s stock worth $10,203,000 after buying an additional 16,656 shares during the last quarter. Institutional investors and hedge funds own 53.54% of the company’s stock.

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

Toronto Dominion Bank (NYSE:TD) traded up 0.02% during mid-day trading on Friday, reaching $51.15. The company had a trading volume of 1,190,597 shares. Toronto Dominion Bank has a 1-year low of $33.49 and a 1-year high of $51.45. The company has a market capitalization of $95.00 billion, a PE ratio of 14.51 and a beta of 0.97. The firm has a 50-day moving average of $49.52 and a 200 day moving average of $45.57.

Toronto Dominion Bank (The) (NYSE:TD) last issued its quarterly earnings data on Thursday, December 1st. The company reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. Toronto Dominion Bank (The) had a return on equity of 18.23% and a net margin of 21.61%. The firm earned $8.75 billion during the quarter. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Toronto Dominion Bank will post $3.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be given a dividend of $0.4067 per share. The ex-dividend date is Friday, January 6th. This represents a $1.63 annualized dividend and a dividend yield of 3.18%. Toronto Dominion Bank (The)’s dividend payout ratio is currently 46.07%.

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A number of research analysts have weighed in on TD shares. Bank of America started coverage on Toronto Dominion Bank (The) in a report on Tuesday, November 1st. They set a “buy” rating for the company. Scotiabank reaffirmed a “sector perform” rating and set a $60.00 target price on shares of Toronto Dominion Bank (The) in a report on Wednesday, October 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price (down previously from $66.00) on shares of Toronto Dominion Bank (The) in a report on Friday, December 2nd. Zacks Investment Research raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Wednesday, December 7th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $65.00 target price on shares of Toronto Dominion Bank (The) in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $59.41.

About Toronto Dominion Bank (The)

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

5 Day Chart for NYSE:TD

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