Public Employees Retirement System of Ohio Has $10.18 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Public Employees Retirement System of Ohio decreased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,229 shares of the bank's stock after selling 139,851 shares during the period. Public Employees Retirement System of Ohio's holdings in Toronto-Dominion Bank were worth $10,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Avior Wealth Management LLC grew its stake in Toronto-Dominion Bank by 30.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank's stock valued at $160,000 after buying an additional 697 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Toronto-Dominion Bank by 24.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,914 shares of the bank's stock valued at $368,000 after purchasing an additional 1,351 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 9.1% during the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after purchasing an additional 250 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $58,000. Finally, Hanson & Doremus Investment Management lifted its holdings in Toronto-Dominion Bank by 4.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank's stock worth $395,000 after purchasing an additional 340 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.33 during mid-day trading on Friday, reaching $69.07. 1,635,509 shares of the company were exchanged, compared to its average volume of 2,360,800. The firm has a market cap of $119.90 billion, a PE ratio of 19.90, a PEG ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day simple moving average of $62.20 and a 200-day simple moving average of $58.56. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $69.30.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the prior year, the firm posted $2.04 EPS. As a group, equities research analysts expect that The Toronto-Dominion Bank will post 5.48 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 Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $0.7568 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.38%. Toronto-Dominion Bank's payout ratio is presently 42.67%.

Analysts Set New Price Targets

A number of brokerages have commented on TD. Royal Bank of Canada upped their price objective on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Scotiabank started coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Company Profile

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.