TD Asset Management Inc Has $3.01 Billion Stock Position in Toronto Dominion Bank (The) $TD

TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.7% in the third quarter, HoldingsChannel.com reports. The fund owned 37,612,007 shares of the bank’s stock after acquiring an additional 246,999 shares during the period. Toronto Dominion Bank makes up 2.4% of TD Asset Management Inc’s investment portfolio, making the stock its 5th largest position. TD Asset Management Inc’s holdings in Toronto Dominion Bank were worth $3,008,096,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Waratah Capital Advisors Ltd. boosted its position in Toronto Dominion Bank by 85.1% in the third quarter. Waratah Capital Advisors Ltd. now owns 241,926 shares of the bank’s stock worth $19,342,000 after purchasing an additional 111,243 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Toronto Dominion Bank by 20.9% during the 3rd quarter. Compound Planning Inc. now owns 21,375 shares of the bank’s stock worth $1,709,000 after purchasing an additional 3,702 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in shares of Toronto Dominion Bank by 29.4% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 5,111 shares of the bank’s stock worth $409,000 after buying an additional 1,160 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Toronto Dominion Bank in the 3rd quarter worth about $800,000. Finally, Bleakley Financial Group LLC increased its holdings in Toronto Dominion Bank by 12.9% during the third quarter. Bleakley Financial Group LLC now owns 12,228 shares of the bank’s stock worth $978,000 after buying an additional 1,395 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.7%

TD opened at $95.15 on Wednesday. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.04. The company has a market cap of $159.02 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $94.76 and a 200 day moving average of $85.20.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the business posted $1.72 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current 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 paid a $1.08 dividend. The ex-dividend date was Friday, January 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is 37.25%.

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.