UniSuper Management Pty Ltd Acquires 5,600 Shares of Toronto Dominion Bank (The) $TD

UniSuper Management Pty Ltd boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,538 shares of the bank’s stock after purchasing an additional 5,600 shares during the period. UniSuper Management Pty Ltd’s holdings in Toronto Dominion Bank were worth $42,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TD. Main Line Retirement Advisors LLC raised its position in Toronto Dominion Bank by 0.9% in the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after buying an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after buying an additional 118 shares during the last quarter. Richardson Financial Services Inc. raised its position in Toronto Dominion Bank by 12.4% in the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after buying an additional 122 shares during the last quarter. Commons Capital LLC raised its position in Toronto Dominion Bank by 0.7% in the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after buying an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Toronto Dominion Bank by 4.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after buying an additional 134 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $116.28 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $70.09 and a 12-month high of $116.45. The stock has a 50-day moving average price of $106.98 and a 200 day moving average price of $98.18. The stock has a market capitalization of $192.14 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.27 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results 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 last year, the business posted $1.97 earnings per share. The firm’s revenue was down 31.1% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. Toronto Dominion Bank’s payout ratio is 48.52%.

Analyst Ratings Changes

A number of brokerages have weighed in on TD. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings lowered Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.

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.