Candriam Luxembourg S.C.A. lifted its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 43.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,264 shares of the bank’s stock after buying an additional 49,498 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Toronto-Dominion Bank were worth $9,259,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of TD. Schroder Investment Management Group boosted its stake in shares of Toronto-Dominion Bank by 2.9% during the 4th quarter. Schroder Investment Management Group now owns 8,137,668 shares of the bank’s stock worth $599,332,000 after acquiring an additional 228,549 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth about $259,976,000. Welch & Forbes LLC lifted its position in shares of Toronto-Dominion Bank by 2.0% during the 4th quarter. Welch & Forbes LLC now owns 383,305 shares of the bank’s stock worth $22,454,000 after purchasing an additional 7,574 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in Toronto-Dominion Bank by 9.2% in the 4th quarter. Eqis Capital Management Inc. now owns 33,909 shares of the bank’s stock valued at $1,986,000 after acquiring an additional 2,852 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Toronto-Dominion Bank by 27.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock valued at $952,623,000 after acquiring an additional 3,527,079 shares in the last quarter. Institutional investors and hedge funds own 48.72% of the company’s stock.
TD has been the subject of a number of recent research reports. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Desjardins upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, ValuEngine lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Toronto-Dominion Bank has an average rating of “Buy” and a consensus price target of $79.00.
Shares of NYSE TD traded down $0.26 during mid-day trading on Thursday, hitting $58.19. The company had a trading volume of 887,472 shares, compared to its average volume of 1,287,746. The stock has a market capitalization of $106.95 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. Toronto-Dominion Bank has a one year low of $48.39 and a one year high of $75.46.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 24th. The bank reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.45. Toronto-Dominion Bank had a return on equity of 16.50% and a net margin of 22.03%. The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the company earned $1.34 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts expect that Toronto-Dominion Bank will post 4.9 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 10th will be issued a dividend of $0.5239 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, July 9th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. Toronto-Dominion Bank’s payout ratio is currently 49.06%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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