OMERS ADMINISTRATION Corp Acquires 1,255,880 Shares of Toronto Dominion Bank (The) $TD

Key Points

• OMERS ADMINISTRATION Corp significantly increased its holdings in Toronto Dominion Bank by 347.8% in Q1, acquiring a total of 1,616,932 shares worth approximately $96.88 million.
• Toronto Dominion Bank is set to pay a quarterly dividend of $1.05 per share on October 31, an increase from its previous dividend of $0.76, amounting to an annualized payout of $4.20.
• Wall Street analysts have varied ratings on Toronto Dominion Bank, with three analysts giving a Buy rating and a consensus average target price of $93.00 per share.

OMERS ADMINISTRATION Corp grew its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 347.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616,932 shares of the bank's stock after buying an additional 1,255,880 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.09% of Toronto Dominion Bank worth $96,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Larson Financial Group LLC lifted its position in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after buying an additional 236 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter valued at about $32,000. CoreCap Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter valued at about $34,000. 52.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock traded up $2.20 during trading hours on Monday, hitting $75.05. The company had a trading volume of 2,901,963 shares, compared to its average volume of 1,942,968. The firm has a market cap of $128.73 billion, a PE ratio of 8.77, a PEG ratio of 1.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $78.95. The firm has a 50-day moving average of $73.79 and a 200 day moving average of $66.59.

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

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's payout ratio is 35.40%.

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.