Ontario Teachers Pension Plan Board purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 605,560 shares of the bank's stock, valued at approximately $36,292,000. Toronto Dominion Bank accounts for about 0.5% of Ontario Teachers Pension Plan Board's investment portfolio, making the stock its 21st biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Toronto Dominion Bank by 93.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock worth $732,252,000 after buying an additional 5,917,078 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Toronto Dominion Bank by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after buying an additional 1,491,472 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Toronto Dominion Bank by 137.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,258,881 shares of the bank's stock worth $120,143,000 after buying an additional 1,306,946 shares in the last quarter. Toronto Dominion Bank grew its holdings in Toronto Dominion Bank by 9.7% in the 4th quarter. Toronto Dominion Bank now owns 10,305,222 shares of the bank's stock worth $547,992,000 after buying an additional 912,401 shares in the last quarter. Finally, Canoe Financial LP bought a new position in Toronto Dominion Bank during the 1st quarter valued at $51,226,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have issued reports on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Royal Bank Of Canada increased their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $93.00.
View Our Latest Analysis on TD
Toronto Dominion Bank Price Performance
Shares of TD traded up $0.36 during trading hours on Friday, hitting $73.24. 960,129 shares of the company were exchanged, compared to its average volume of 1,816,567. The company has a market capitalization of $125.62 billion, a PE ratio of 10.74, a PEG ratio of 1.65 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 firm has a fifty day simple moving average of $72.70 and a 200-day simple moving average of $64.81. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $75.58.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same period last year, the company posted $2.04 EPS. As a group, sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.7568 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.1%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is 45.31%.
Toronto Dominion Bank Profile
(
Free Report)
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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