DekaBank Deutsche Girozentrale Has $82.85 Million Holdings in Toronto Dominion Bank (The) $TD

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Toronto Dominion Bank by 0.3%, holding 1,141,081 shares worth approximately $82.85 million as of the last SEC filing.
• Toronto Dominion Bank recently increased its quarterly dividend to $1.05, which translates to an annualized dividend of $4.20 and a yield of 5.2%, up from the previous quarterly dividend of $0.76.
• Despite a quarterly earnings report that surpassed expectations with $1.91 EPS, analysts have given mixed ratings, resulting in a consensus rating of "Hold" with a target price of $93.00.

DekaBank Deutsche Girozentrale cut its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,141,081 shares of the bank's stock after selling 3,409 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Toronto Dominion Bank worth $82,849,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TD. Vanguard Group Inc. lifted its position in shares of Toronto Dominion Bank by 0.7% in the first quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank's stock worth $4,472,194,000 after purchasing an additional 516,288 shares in the last quarter. TD Asset Management Inc grew its position in Toronto Dominion Bank by 0.9% in the second quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank's stock valued at $2,742,748,000 after purchasing an additional 329,429 shares in the last quarter. Mackenzie Financial Corp increased its stake in Toronto Dominion Bank by 4.5% in the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock valued at $1,752,806,000 after buying an additional 1,262,062 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock worth $886,174,000 after buying an additional 4,853,498 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Toronto Dominion Bank by 17.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank's stock worth $825,440,000 after buying an additional 2,057,784 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 0.6%

Shares of TD opened at $80.37 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 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 $82.08. The firm's 50 day moving average is $77.24 and its 200-day moving average is $71.36. The stock has a market capitalization of $136.69 billion, a PE ratio of 9.39, a P/E/G ratio of 1.64 and a beta of 0.80.

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

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's payout ratio is presently 35.75%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of recent research reports. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 3rd. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company 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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