Toronto Dominion Bank (The) $TD Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Toronto Dominion Bank by 132.2% in Q2, now owning 362,353 shares valued at $26.6 million.
• Toronto Dominion Bank reported earnings of $1.91 per share, exceeding estimates, along with a revenue of $10.12 billion, which was below the consensus forecast.
• The bank announced an increase in its quarterly dividend to $1.05, translating to an annualized dividend of $4.20 and a yield of 5.4%.

Public Employees Retirement System of Ohio increased its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 132.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,353 shares of the bank's stock after purchasing an additional 206,296 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Toronto Dominion Bank were worth $26,604,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Toronto Dominion Bank by 0.7% in the first quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank's stock worth $4,472,194,000 after purchasing an additional 516,288 shares during the period. TD Asset Management Inc lifted its holdings in Toronto Dominion Bank by 0.4% in the 1st quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank's stock valued at $2,218,918,000 after acquiring an additional 162,563 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Toronto Dominion Bank by 4.5% in the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock valued at $1,752,806,000 after acquiring an additional 1,262,062 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Toronto Dominion Bank by 48.9% in the 1st 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. Finally, The Manufacturers Life Insurance Company lifted its holdings in Toronto Dominion Bank by 17.7% in the 1st 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. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analyst Weigh In

TD has been the subject of several recent research reports. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three equities 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $78.12 on Thursday. The firm's 50 day simple moving average is $74.92 and its 200-day simple moving average is $68.61. The company has a market cap of $132.86 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 1.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $79.49.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS 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 5.4%. 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 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.

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