Swiss Life Asset Management Ltd Has $20.91 Million Stock Position in Toronto Dominion Bank (The) $TD

Key Points

• Swiss Life Asset Management raised its stake in Toronto Dominion Bank by 28.3% in Q3 to 261,112 shares, worth about $20.91 million according to its latest SEC filing.
• Several large institutional moves reshaped ownership—Canerector added ~22.06 million shares (now 22.256 million, ~$1.779B), Norges Bank initiated a ~$1.544B stake, and Quadrature Capital sharply increased its holdings—institutions now own about 52.37% of the stock.
• TD beat quarterly estimates (EPS $1.76 vs. $1.63) and declared a $1.08 quarterly dividend (annualized $4.32, ~4.6% yield), with ex-dividend on April 9 and payment on April 30.

Swiss Life Asset Management Ltd raised its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 28.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,112 shares of the bank's stock after purchasing an additional 57,609 shares during the period. Swiss Life Asset Management Ltd's holdings in Toronto Dominion Bank were worth $20,906,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Canerector Inc. boosted its holdings in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank's stock worth $1,779,367,000 after acquiring an additional 22,056,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter valued at $1,543,639,000. Picton Mahoney Asset Management bought a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth $267,475,000. Public Sector Pension Investment Board raised its stake in shares of Toronto Dominion Bank by 1,477.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank's stock worth $195,749,000 after purchasing an additional 2,497,700 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of Toronto Dominion Bank by 5,566.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank's stock worth $196,028,000 after buying an additional 2,408,334 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.8%

Shares of TD stock opened at $93.59 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. The firm has a market cap of $156.42 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66. The business has a 50-day moving average price of $95.47 and a two-hundred day moving average price of $87.65. 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 results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal 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 issued a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.6%. Toronto Dominion Bank's payout ratio is 34.81%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TD. National Bank Financial raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 18th. Zacks Research raised Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.00.

Toronto Dominion Bank Profile

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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