Skandinaviska Enskilda Banken AB publ Has $14.59 Million Stock Position in Toronto Dominion Bank (The) (NYSE:TD)

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Toronto Dominion Bank by 3.3%, acquiring an additional 7,710 shares, bringing its total holdings to 243,333 shares worth approximately $14.59 million.
• Toronto Dominion Bank announced a quarterly dividend of $0.7568, increasing its yield to 4.04%, which will be paid to shareholders on July 31st, after the ex-dividend date on July 10th.
• The bank reported an earnings per share (EPS) of $1.39 for the last quarter, surpassing analysts’ expectations of $1.25, despite a revenue of $10.97 billion falling short of an estimated $13.36 billion.

Skandinaviska Enskilda Banken AB publ lifted its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,333 shares of the bank's stock after acquiring an additional 7,710 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Toronto Dominion Bank were worth $14,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in Toronto Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC lifted its stake in Toronto Dominion Bank by 57.5% during the fourth 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 last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on TD. Scotiabank began coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Royal Bank Of Canada upped their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Stock Up 0.5%

Toronto Dominion Bank stock traded up $0.36 during trading hours on Wednesday, hitting $73.87. The company had a trading volume of 329,826 shares, compared to its average volume of 2,146,358. The firm has a market capitalization of $127.09 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. 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's fifty day moving average is $71.82 and its 200-day moving average is $63.92. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week 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, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same quarter in the prior year, the business earned $2.04 EPS. On average, research analysts forecast 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 will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is currently 45.31%.

Toronto Dominion Bank 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.