Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in The Toronto-Dominion Bank (NYSE:TD)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 35.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 848,539 shares of the bank's stock after purchasing an additional 224,241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Toronto-Dominion Bank were worth $55,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strs Ohio lifted its holdings in shares of Toronto-Dominion Bank by 16.8% during the 4th quarter. Strs Ohio now owns 208,940 shares of the bank's stock worth $13,566,000 after acquiring an additional 30,000 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 18.2% during the 4th quarter. Vontobel Holding Ltd. now owns 129,919 shares of the bank's stock worth $8,395,000 after acquiring an additional 20,023 shares during the period. Triasima Portfolio Management inc. lifted its holdings in shares of Toronto-Dominion Bank by 24.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 1,290,611 shares of the bank's stock worth $83,549,000 after acquiring an additional 250,330 shares during the period. Sprucegrove Investment Management Ltd. lifted its stake in Toronto-Dominion Bank by 78.3% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 1,015,700 shares of the bank's stock valued at $65,635,000 after purchasing an additional 446,000 shares during the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $236,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.8 %

Shares of TD stock traded down $0.43 during trading hours on Tuesday, hitting $56.14. 2,805,433 shares of the company's stock traded hands, compared to its average volume of 2,942,441. The stock's 50 day simple moving average is $59.48 and its 200 day simple moving average is $60.09. The stock has a market cap of $98.99 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. The ex-dividend date is Monday, April 8th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.36%. Toronto-Dominion Bank's dividend payout ratio is 30.56%.

Analyst Ratings Changes

TD has been the subject of several research reports. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, December 20th. Bank of America downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research note on Monday, December 18th. Barclays initiated coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an "equal weight" rating for the company. Finally, Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a "hold" rating for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.33.

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.