Mn Services Vermogensbeheer B.V. Raises Holdings in Toronto Dominion Bank (The) $TD

Mn Services Vermogensbeheer B.V. boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 395,990 shares of the bank’s stock after purchasing an additional 52,190 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Toronto Dominion Bank were worth $37,370,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in shares of Toronto Dominion Bank by 18.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock worth $917,832,000 after purchasing an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Toronto Dominion Bank by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after purchasing an additional 115,203 shares during the period. State of Wyoming grew its holdings in shares of Toronto Dominion Bank by 236.4% during the 3rd quarter. State of Wyoming now owns 25,765 shares of the bank’s stock worth $2,061,000 after purchasing an additional 18,105 shares during the period. Citigroup Inc. increased its position in Toronto Dominion Bank by 21.8% during the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock worth $74,821,000 after purchasing an additional 167,736 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in Toronto Dominion Bank by 1,477.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock worth $195,749,000 after purchasing an additional 2,497,700 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $91.58 on Tuesday. The business’s 50-day simple moving average is $95.31 and its 200 day simple moving average is $88.69. The company has a market cap of $153.06 billion, a P/E ratio of 10.12, a PEG ratio of 1.04 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same quarter in the prior year, the business earned $2.02 EPS. Toronto Dominion Bank’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be paid a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.7%. Toronto Dominion Bank’s dividend payout ratio is 34.81%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TD shares. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank 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.