Versor Investments LP Invests $719,000 in Toronto Dominion Bank (The) $TD

Versor Investments LP purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, Holdings Channel reports. The firm purchased 9,000 shares of the bank’s stock, valued at approximately $719,000.

Several other hedge funds have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its holdings in Toronto Dominion Bank by 18.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after purchasing an additional 1,946,172 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Toronto Dominion Bank by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after buying an additional 115,203 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter worth approximately $267,475,000. Bank of New York Mellon Corp grew its stake in shares of Toronto Dominion Bank by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock valued at $121,791,000 after purchasing an additional 51,698 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Toronto Dominion Bank by 304.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after purchasing an additional 1,840,747 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $98.55 on Wednesday. The stock has a market capitalization of $165.40 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $98.82. The stock has a 50 day moving average price of $93.47 and a 200 day moving average price of $83.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.During the same quarter in the prior year, the firm posted $1.72 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on TD shares. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus target price 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.