Amundi Boosts Holdings in Toronto Dominion Bank (The) $TD

Key Points

• Amundi increased its stake in Toronto Dominion Bank by 4.2% in the 1st quarter, holding a total of 2,518,911 shares valued at $157.4 million as per recent SEC filings.
• Toronto Dominion Bank recently announced a quarterly dividend increase to $1.05, up from $0.76, representing a 5.6% yield for investors.
• Wall Street analysts have mixed ratings on the stock, with a consensus price target of $93.00 and three analysts rating it as a Buy while four give it a Hold rating.

Amundi boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,518,911 shares of the bank's stock after acquiring an additional 101,519 shares during the quarter. Amundi owned about 0.15% of Toronto Dominion Bank worth $157,402,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Aprio Wealth Management LLC purchased a new stake in Toronto Dominion Bank during the 1st quarter valued at $230,000. Federation des caisses Desjardins du Quebec raised its stake in shares of Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock valued at $886,174,000 after acquiring an additional 4,853,498 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in shares of Toronto Dominion Bank in the 1st quarter worth about $470,000. Ewing Morris & Co. Investment Partners Ltd. boosted its stake in shares of Toronto Dominion Bank by 0.7% during the 1st quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 55,602 shares of the bank's stock worth $3,333,000 after purchasing an additional 381 shares during the period. Finally, Calton & Associates Inc. bought a new position in Toronto Dominion Bank during the 1st quarter valued at about $202,000. 52.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TD. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Up 0.8%

Shares of NYSE:TD traded up $0.63 during trading hours on Tuesday, hitting $75.35. The company's stock had a trading volume of 1,339,243 shares, compared to its average volume of 2,115,430. The firm's fifty day moving average price is $74.07 and its 200 day moving average price is $67.21. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $78.95. The company has a market capitalization of $128.71 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. Toronto Dominion Bank's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.6%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 36.10%.

Toronto Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.