Rockland Trust Co. Makes New $569,000 Investment in Toronto Dominion Bank (The) $TD

Rockland Trust Co. acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,122 shares of the bank’s stock, valued at approximately $569,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Toronto Dominion Bank in the second quarter worth about $1,543,639,000. Picton Mahoney Asset Management purchased a new stake in Toronto Dominion Bank in the 2nd quarter worth approximately $267,475,000. Vanguard Group Inc. lifted its holdings in Toronto Dominion Bank by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the period. Public Sector Pension Investment Board grew its position in shares of Toronto Dominion Bank by 1,477.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock worth $195,749,000 after buying an additional 2,497,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Toronto Dominion Bank by 20.1% during the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after buying an additional 2,366,324 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Up 0.3%

NYSE:TD opened at $98.55 on Wednesday. The firm has a market capitalization of $165.40 billion, a P/E ratio of 11.69, a PEG ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $98.82. The company’s 50-day simple moving average is $93.47 and its 200 day simple moving average is $83.61.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $1.72 earnings per share. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.4%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Natl Bk Canada raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.