Toronto Dominion Bank (The) $TD Shares Acquired by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH increased its holdings in Toronto Dominion Bank by 5.1%, owning a total of 243,395 shares, valued at approximately $14.6 million.
• Toronto Dominion Bank recently reported $1.39 earnings per share (EPS), surpassing analyst expectations, despite a revenue of $10.97 billion that fell short of forecasts.
• The bank's quarterly dividend increased to $0.7568 per share, offering a yield of 4.1% and reflecting a payout ratio of 45.31%.

Erste Asset Management GmbH lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 243,395 shares of the bank's stock after acquiring an additional 11,848 shares during the period. Erste Asset Management GmbH's holdings in Toronto Dominion Bank were worth $14,588,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in shares of Toronto Dominion Bank by 144.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock worth $691,000 after acquiring an additional 6,818 shares during the period. Bank of New York Mellon Corp raised its holdings in Toronto Dominion Bank by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock valued at $96,290,000 after buying an additional 104,864 shares during the period. JPMorgan Chase & Co. raised its holdings in Toronto Dominion Bank by 38.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock valued at $599,064,000 after buying an additional 2,780,984 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Toronto Dominion Bank by 1.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank's stock valued at $743,037,000 after buying an additional 181,781 shares during the period. Finally, Williams Financial LLC purchased a new stake in Toronto Dominion Bank in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on TD shares. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank started coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada boosted 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Up 1.0%

Shares of Toronto Dominion Bank stock traded up $0.7270 on Friday, reaching $74.3670. 1,586,781 shares of the company were exchanged, compared to its average volume of 1,713,904. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $75.58. The company has a market cap of $127.55 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.63 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. The stock's 50 day moving average price is $73.43 and its 200-day moving average price is $66.02.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data 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 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 the consensus estimate of $13.36 billion. During the same period in the previous year, the company posted $2.04 earnings per share. As a group, equities analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

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.