Capital Research Global Investors Acquires 26,296 Shares of Toronto Dominion Bank (The) $TD

Capital Research Global Investors raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,690,845 shares of the bank’s stock after buying an additional 26,296 shares during the quarter. Capital Research Global Investors owned about 0.34% of Toronto Dominion Bank worth $455,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in Toronto Dominion Bank during the first quarter valued at approximately $568,000. Focus Partners Wealth boosted its holdings in shares of Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after purchasing an additional 5,410 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Toronto Dominion Bank during the 2nd quarter valued at approximately $259,000. Savant Capital LLC lifted its position in Toronto Dominion Bank by 76.8% in the second quarter. Savant Capital LLC now owns 11,391 shares of the bank’s stock worth $837,000 after buying an additional 4,947 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Toronto Dominion Bank by 1,580.9% in the second quarter. Acadian Asset Management LLC now owns 475,700 shares of the bank’s stock worth $34,906,000 after buying an additional 447,400 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TD. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Shares of TD stock opened at $95.84 on Wednesday. The stock’s 50-day simple moving average is $95.47 and its 200-day simple moving average is $86.85. The firm has a market capitalization of $160.17 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.09 and a beta of 0.66. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. 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 (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same period last year, the business posted $2.02 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is 34.81%.

Toronto Dominion Bank 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.