Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Toronto Dominion Bank (The) $TD

Skandinaviska Enskilda Banken AB publ boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 85.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,845,369 shares of the bank’s stock after purchasing an additional 848,662 shares during the quarter. Toronto Dominion Bank makes up approximately 0.6% of Skandinaviska Enskilda Banken AB publ’s holdings, making the stock its 28th largest position. Skandinaviska Enskilda Banken AB publ’s holdings in Toronto Dominion Bank were worth $147,556,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TD. AQR Capital Management LLC purchased a new position in shares of Toronto Dominion Bank in the 1st quarter valued at about $568,000. Focus Partners Wealth boosted its holdings in Toronto Dominion Bank by 27.7% in the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Toronto Dominion Bank in the second quarter valued at approximately $259,000. Yousif Capital Management LLC raised its holdings in Toronto Dominion Bank by 9.5% during the second quarter. Yousif Capital Management LLC now owns 20,111 shares of the bank’s stock worth $1,477,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $233,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TD shares. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Shares of TD opened at $95.33 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04. The firm has a 50-day simple moving average of $94.20 and a 200-day simple moving average of $84.24. The company has a market capitalization of $159.32 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the prior year, the business earned $1.72 EPS. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

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.