Mn Services Vermogensbeheer B.V. Raises Holdings in Toronto Dominion Bank (The) $TD

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Toronto Dominion Bank by 15.2% in Q4, adding 52,190 shares to hold 395,990 shares worth about $37.37 million.
• TD beat quarterly estimates (EPS $1.76 vs. $1.63; revenue $11.01B vs. $10.43B, +18.1% YoY) and announced a quarterly dividend of $1.08, implying an annual yield of ~4.7%.
• Analysts’ consensus is a "Moderate Buy" with an average price target of $93.00, and institutional investors own roughly 52.4% of the company.

Mn Services Vermogensbeheer B.V. increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,990 shares of the bank's stock after purchasing an additional 52,190 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Toronto Dominion Bank were worth $37,370,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in shares of Toronto Dominion Bank by 18.5% in the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank's stock valued at $917,832,000 after acquiring an additional 1,946,172 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Toronto Dominion Bank by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank's stock valued at $1,010,852,000 after acquiring an additional 115,203 shares during the last quarter. State of Wyoming increased its position in Toronto Dominion Bank by 236.4% during the 3rd quarter. State of Wyoming now owns 25,765 shares of the bank's stock worth $2,061,000 after purchasing an additional 18,105 shares in the last quarter. Citigroup Inc. raised its stake in Toronto Dominion Bank by 21.8% in the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank's stock valued at $74,821,000 after purchasing an additional 167,736 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Toronto Dominion Bank by 1,477.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank's stock valued at $195,749,000 after purchasing an additional 2,497,700 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Zacks Research raised shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. National Bank Financial raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Toronto Dominion Bank Stock Up 0.2%

Shares of NYSE:TD opened at $91.58 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.04 and a beta of 0.66. The stock's 50-day moving average price is $95.31 and its two-hundred day moving average price is $88.69. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the company posted $2.02 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. On average, research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.7%. Toronto Dominion Bank's dividend payout ratio is 34.81%.

About Toronto Dominion Bank

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.

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