Toronto Dominion Bank (The) $TD Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,072 shares of the bank’s stock after purchasing an additional 17,300 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Toronto Dominion Bank were worth $12,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Hillsdale Investment Management Inc. increased its holdings in shares of Toronto Dominion Bank by 3.0% in the first quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock valued at $112,185,000 after purchasing an additional 34,921 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Toronto Dominion Bank by 433.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock worth $1,528,000 after acquiring an additional 13,179 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Toronto Dominion Bank during the 4th quarter valued at about $299,850,000. State of Wyoming grew its holdings in shares of Toronto Dominion Bank by 1,018.7% in the first quarter. State of Wyoming now owns 22,765 shares of the bank’s stock valued at $2,119,000 after purchasing an additional 20,730 shares during the period. Finally, JCIC Asset Management Inc. grew its stake in shares of Toronto Dominion Bank by 891.5% in the 4th quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock valued at $8,035,000 after buying an additional 76,650 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.5%

TD stock opened at $119.82 on Friday. The company’s 50 day moving average price is $117.29 and its 200 day moving average price is $104.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a fifty-two week low of $72.21 and a fifty-two week high of $124.87. The firm has a market capitalization of $197.09 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.34 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was down 31.1% on a year-over-year basis. On average, equities research analysts anticipate that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is 49.14%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target 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. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One 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. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.