Morningstar Investment Management LLC Buys New Shares in Toronto Dominion Bank (The) $TD

Morningstar Investment Management LLC purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,097 shares of the bank’s stock, valued at approximately $1,988,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TD. Canerector Inc. increased its holdings in Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after buying an additional 22,056,000 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Toronto Dominion Bank by 25.9% in the 4th 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. Quadrature Capital Ltd increased its holdings in Toronto Dominion Bank by 5,566.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after buying an additional 2,408,334 shares during the period. Caisse de depot et placement du Quebec increased its holdings in Toronto Dominion Bank by 70.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock valued at $188,746,000 after buying an additional 972,513 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Toronto Dominion Bank by 85.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,845,369 shares of the bank’s stock valued at $147,556,000 after buying an additional 848,662 shares during the period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Toronto Dominion Bank Stock Up 0.0%

TD opened at $111.92 on Tuesday. The firm’s 50-day simple moving average is $101.78 and its 200-day simple moving average is $95.25. 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 twelve month low of $66.53 and a twelve month high of $112.32. The firm has a market cap of $185.37 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.25 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 6.89 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were issued a $1.08 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

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.