Axa Decreases Position in Toronto-Dominion Bank (TD)
Axa cut its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,674,907 shares of the bank’s stock after selling 34,526 shares during the quarter. Axa’s holdings in Toronto-Dominion Bank were worth $98,116,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in Toronto-Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares during the period. Biondo Investment Advisors LLC lifted its position in Toronto-Dominion Bank by 1.4% during the fourth quarter. Biondo Investment Advisors LLC now owns 68,006 shares of the bank’s stock worth $3,984,000 after purchasing an additional 955 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Toronto-Dominion Bank by 0.3% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 293,928 shares of the bank’s stock worth $13,225,000 after purchasing an additional 1,000 shares during the period. Coastline Trust Co lifted its position in Toronto-Dominion Bank by 1.1% during the fourth quarter. Coastline Trust Co now owns 96,975 shares of the bank’s stock worth $5,681,000 after purchasing an additional 1,020 shares during the period. Finally, RiverPoint Capital Management LLC lifted its position in Toronto-Dominion Bank by 0.7% during the fourth quarter. RiverPoint Capital Management LLC now owns 148,158 shares of the bank’s stock worth $8,679,000 after purchasing an additional 1,088 shares during the period. Institutional investors and hedge funds own 49.02% of the company’s stock.
Several research firms recently weighed in on TD. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday, February 2nd. Bank of America upped their price objective on shares of Toronto-Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Desjardins raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Toronto-Dominion Bank has an average rating of “Buy” and an average target price of $77.20.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, March 1st. The bank reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $8.96 billion. Toronto-Dominion Bank had a net margin of 22.12% and a return on equity of 15.82%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. equities research analysts forecast that Toronto-Dominion Bank will post 4.81 EPS for the current fiscal year.
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Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It 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.
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