JPMorgan Chase & Co. Has $612.24 Million Stock Position in Toronto Dominion Bank (The) $TD

JPMorgan Chase & Co. lessened its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 37.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,657,802 shares of the bank’s stock after selling 4,516,697 shares during the quarter. JPMorgan Chase & Co.’s holdings in Toronto Dominion Bank were worth $612,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC bought a new position in Toronto Dominion Bank in the third quarter worth $27,000. Mather Group LLC. acquired a new position in shares of Toronto Dominion Bank in the 3rd quarter valued at $30,000. Quaker Wealth Management LLC lifted its holdings in shares of Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Finally, Sachetta LLC bought a new stake in Toronto Dominion Bank in the third quarter valued at about $33,000. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Up 0.2%

Shares of NYSE TD opened at $95.54 on Wednesday. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.04. The firm’s 50-day simple moving average is $94.33 and its 200 day simple moving average is $84.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $159.67 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TD shares. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

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.