ASR Vermogensbeheer N.V. Takes $34.09 Million Position in Toronto Dominion Bank (The) (NYSE:TD)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Toronto Dominion Bank worth approximately $34.09 million, purchasing 568,943 shares in the first quarter.
• Toronto Dominion Bank reported $1.39 EPS for the quarter, exceeding analysts' expectations of $1.25, while its revenue was $10.97 billion, below the $13.36 billion consensus estimate.
• The bank recently announced a quarterly dividend of $0.7568, up from its previous dividend of $0.73, representing an annualized yield of 4.1%.

ASR Vermogensbeheer N.V. bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 568,943 shares of the bank's stock, valued at approximately $34,086,000.

Several other large investors have also recently made changes to their positions in TD. World Investment Advisors lifted its holdings in shares of Toronto Dominion Bank by 7.9% during the fourth quarter. World Investment Advisors now owns 4,526 shares of the bank's stock valued at $241,000 after purchasing an additional 331 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Toronto Dominion Bank by 12.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,691 shares of the bank's stock valued at $143,000 after purchasing an additional 307 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Toronto Dominion Bank by 6.8% during the fourth quarter. Invesco Ltd. now owns 4,694,139 shares of the bank's stock valued at $249,916,000 after purchasing an additional 299,689 shares during the last quarter. FIL Ltd raised its holdings in Toronto Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Toronto Dominion Bank by 19.2% in the 4th quarter. Renaissance Technologies LLC now owns 738,580 shares of the bank's stock worth $39,322,000 after acquiring an additional 119,000 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Down 0.7%

NYSE:TD opened at $72.95 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.58. The company has a market cap of $125.12 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. The company has a 50 day simple moving average of $72.43 and a two-hundred day simple moving average of $64.53.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. Research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a $0.7568 dividend. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.1%. Toronto Dominion Bank's payout ratio is presently 45.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TD. Scotiabank began coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Royal Bank Of Canada boosted their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $93.00.

About Toronto Dominion Bank

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.