Toronto Dominion Bank (The) $TD Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,904 shares of the bank’s stock after buying an additional 21,800 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Toronto Dominion Bank were worth $29,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. lifted its position in Toronto Dominion Bank by 3.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock worth $112,185,000 after acquiring an additional 34,921 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 433.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 13,179 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Toronto Dominion Bank during the fourth quarter worth approximately $299,850,000. State of Wyoming raised its stake in shares of Toronto Dominion Bank by 1,018.7% during the first quarter. State of Wyoming now owns 22,765 shares of the bank’s stock worth $2,119,000 after purchasing an additional 20,730 shares during the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in shares of Toronto Dominion Bank by 891.5% during the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock worth $8,035,000 after purchasing an additional 76,650 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. 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. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Up 0.1%

Toronto Dominion Bank stock opened at $121.22 on Friday. The stock’s 50 day moving average price is $118.90 and its 200 day moving average price is $106.40. Toronto Dominion Bank has a 1-year low of $72.67 and a 1-year high of $124.87. The company has a market cap of $199.39 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the business posted $1.97 earnings per share. Toronto Dominion Bank’s revenue was down 31.1% compared to the same quarter last year. On average, sell-side analysts predict that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is 49.14%.

About Toronto Dominion Bank

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.