BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $264.13 Million Holdings in Toronto Dominion Bank (The) $TD

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Toronto Dominion Bank by 41.9% in the first quarter, owning approximately 4.4 million shares valued at $264.13 million.
• Other institutional investors have also boosted their holdings, with Goldman Sachs raising its position by 93.9% to own 12.2 million shares valued at $732.25 million.
• Toronto Dominion Bank reported $1.39 EPS for the last quarter, exceeding estimates, while analysts project an average target price of $93.00 for the stock.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 41.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,407,273 shares of the bank's stock after purchasing an additional 1,302,281 shares during the quarter. Toronto Dominion Bank accounts for about 1.6% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings, making the stock its 10th biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.25% of Toronto Dominion Bank worth $264,134,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TD. Goldman Sachs Group Inc. raised its position in Toronto Dominion Bank by 93.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after purchasing an additional 5,917,078 shares during the last quarter. JPMorgan Chase & Co. raised its position in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Mackenzie Financial Corp raised its position in Toronto Dominion Bank by 5.6% in the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock valued at $1,488,233,000 after purchasing an additional 1,491,472 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Toronto Dominion Bank by 137.3% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,258,881 shares of the bank's stock valued at $120,143,000 after purchasing an additional 1,306,946 shares during the last quarter. Finally, Nuveen LLC bought a new position in Toronto Dominion Bank in the first quarter valued at about $77,336,000. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Trading Up 1.0%

NYSE TD opened at $74.3670 on Friday. The business has a 50 day simple moving average of $73.43 and a 200 day simple moving average of $65.96. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $75.58. The stock has a market capitalization of $127.55 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

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

Wall Street Analyst Weigh In

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

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.

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