Toronto Dominion Bank (The) $TD Shares Acquired by Generali Investments CEE investicni spolecnost a.s.

Key Points

• Generali Investments CEE has increased its holdings in Toronto Dominion Bank (TD) by 17.8%, owning 53,000 shares worth $3.89 million after purchasing an additional 8,000 shares.
• Several institutional investors, including Goldman Sachs and Canada Pension Plan Investment Board, significantly boosted their positions in TD during the first quarter, indicating strong institutional interest.
• Toronto Dominion Bank has announced a quarterly dividend increase to $1.05 per share, representing a dividend yield of 5.3% and highlighting the bank's commitment to returning value to shareholders.

Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,000 shares of the bank's stock after purchasing an additional 8,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Toronto Dominion Bank were worth $3,893,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TD. Goldman Sachs Group Inc. lifted its position in Toronto Dominion Bank by 93.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after acquiring an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock valued at $886,174,000 after acquiring an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock valued at $630,746,000 after acquiring an additional 4,729,657 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock valued at $599,064,000 after acquiring an additional 2,780,984 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank's stock valued at $825,440,000 after acquiring an additional 2,057,784 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on TD shares. Wall Street Zen lowered shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Trading Up 0.3%

Toronto Dominion Bank stock opened at $80.00 on Wednesday. The company has a market cap of $136.07 billion, a P/E ratio of 9.35, a PEG ratio of 1.71 and a beta of 0.81. The firm's 50-day moving average is $75.34 and its 200-day moving average is $69.27. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

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 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the firm earned $2.05 EPS. Toronto Dominion Bank's revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 5.3%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's payout ratio is 36.10%.

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.

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