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Intech Investment Management LLC Has $42.60 Million Stock Holdings in Toronto Dominion Bank (The) $TD

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Key Points

  • Intech Investment Management LLC boosted its Toronto Dominion Bank stake by 326.6% in the fourth quarter, ending with 451,359 shares worth about $42.6 million.
  • TD reported strong second-quarter results, with adjusted EPS of $2.38 topping estimates and earnings rising year over year, while revenue also came in above expectations.
  • The bank raised its quarterly dividend to $1.12 per share, signaling confidence in its capital position and earnings outlook; the stock currently yields about 4.0%.
  • Interested in Toronto Dominion Bank? Here are five stocks we like better.

Intech Investment Management LLC raised its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 326.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,359 shares of the bank's stock after acquiring an additional 345,563 shares during the period. Intech Investment Management LLC's holdings in Toronto Dominion Bank were worth $42,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Main Line Retirement Advisors LLC raised its position in Toronto Dominion Bank by 0.9% during the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank's stock valued at $1,145,000 after purchasing an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank's stock valued at $140,000 after purchasing an additional 118 shares in the last quarter. Richardson Financial Services Inc. raised its position in Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank's stock valued at $104,000 after purchasing an additional 122 shares in the last quarter. Commons Capital LLC raised its position in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank's stock valued at $1,459,000 after purchasing an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank's stock worth $233,000 after buying an additional 134 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank News Roundup

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Price Performance

Shares of TD opened at $113.33 on Friday. Toronto Dominion Bank has a 12-month low of $68.08 and a 12-month high of $113.51. The business has a 50-day simple moving average of $102.85 and a two-hundred day simple moving average of $95.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. The stock has a market cap of $187.70 billion, a PE ratio of 12.52, a PEG ratio of 1.25 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The business had revenue of $11.01 billion during the quarter, compared to analysts' expectations of $10.43 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts anticipate that Toronto Dominion Bank will post 6.89 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $1.08. Toronto Dominion Bank's payout ratio is currently 34.36%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research analyst reports. Weiss Ratings raised Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, March 27th. Scotiabank raised Toronto Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 4th. Wall Street Zen cut Toronto Dominion Bank from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Zacks Research cut Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Raymond James Financial raised Toronto Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of "Moderate Buy".

Check Out Our Latest Report on Toronto Dominion Bank

Toronto Dominion Bank Company Profile

(Free Report)

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada's largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD's core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

Featured Stories

Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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