Vanguard Group Inc. Has $7.28 Billion Stake in Toronto Dominion Bank (The) $TD

Key Points

• Vanguard Group Inc. raised its stake in Toronto Dominion Bank by 1.0%, holding 77,252,688 shares (about 4.60% of TD) worth roughly $7.28 billion at quarter-end.
• TD beat Q4 expectations with $1.76 EPS (+$0.13 vs. estimates) and $11.01 billion in revenue, up 18.1% year-over-year, alongside a 17.52% net margin and 14.29% ROE.
• The bank announced a quarterly dividend of $1.08 (ex-dividend April 9, payable April 30), equal to an annualized $4.32 and a yield of about 4.1% with a ~34% payout ratio.

Vanguard Group Inc. increased its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 77,252,688 shares of the bank's stock after purchasing an additional 765,107 shares during the quarter. Vanguard Group Inc. owned approximately 4.60% of Toronto Dominion Bank worth $7,280,911,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in Toronto Dominion Bank during the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the third quarter worth $30,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth $33,000. Sound Income Strategies LLC boosted its holdings in shares of Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank's stock worth $44,000 after buying an additional 208 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank's stock valued at $38,000 after buying an additional 456 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings raised Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $105.08 on Monday. The firm's 50-day moving average is $97.41 and its 200-day moving average is $91.59. The company has a market cap of $174.03 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. Toronto Dominion Bank has a 52-week low of $61.88 and a 52-week high of $106.94.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating 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 analysts' expectations of $10.43 billion. During the same quarter last year, the company earned $2.02 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. Equities research analysts anticipate that Toronto Dominion Bank will post 6.87 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.1%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 34.36%.

About Toronto Dominion Bank

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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