Toronto Dominion Bank (The) $TD Shares Acquired by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in Toronto Dominion Bank, holding 587,900 shares valued at approximately $35.24 million after acquiring an additional 12,100 shares in Q1.
• The bank's recently reported earnings show $1.91 earnings per share, beating analysts' expectations, with a revenue of $10.12 billion for the same quarter.
• Toronto Dominion Bank declared a quarterly dividend of $1.05 per share, up from its previous dividend of $0.76, indicating a strong dividend yield of 5.6%.

UniSuper Management Pty Ltd raised its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 587,900 shares of the bank's stock after purchasing an additional 12,100 shares during the quarter. UniSuper Management Pty Ltd's holdings in Toronto Dominion Bank were worth $35,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Vanguard Group Inc. increased its position in shares of Toronto Dominion Bank by 0.7% during the first quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank's stock worth $4,472,194,000 after acquiring an additional 516,288 shares during the period. TD Asset Management Inc increased its holdings in Toronto Dominion Bank by 0.4% in the first quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank's stock valued at $2,218,918,000 after buying an additional 162,563 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Toronto Dominion Bank by 4.5% in the first quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock valued at $1,752,806,000 after buying an additional 1,262,062 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings 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 buying an additional 4,853,498 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings 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 buying an additional 2,057,784 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price 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. Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Finally, 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. 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 data from MarketBeat, Toronto Dominion Bank has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

NYSE TD traded up $0.56 during trading on Wednesday, reaching $75.90. The company's stock had a trading volume of 1,321,930 shares, compared to its average volume of 2,114,290. The business's fifty day moving average price is $74.10 and its 200-day moving average price is $67.27. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $129.64 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 1.62 and a beta of 0.81.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced 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. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 5.5%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank's payout ratio is currently 35.40%.

About Toronto Dominion Bank

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.