O Shaughnessy Asset Management LLC Buys 21,340 Shares of Toronto Dominion Bank (The) $TD

O Shaughnessy Asset Management LLC lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 385,620 shares of the bank’s stock after acquiring an additional 21,340 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Toronto Dominion Bank were worth $36,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Citigroup Inc. increased its position in Toronto Dominion Bank by 21.8% in the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock worth $74,821,000 after buying an additional 167,736 shares during the period. TD Asset Management Inc increased its position in Toronto Dominion Bank by 0.7% in the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after buying an additional 246,999 shares during the period. Prime Capital Investment Advisors LLC increased its position in Toronto Dominion Bank by 433.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock worth $1,528,000 after buying an additional 13,179 shares during the period. Allianz Asset Management GmbH increased its position in Toronto Dominion Bank by 7.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 97,557 shares of the bank’s stock worth $7,802,000 after buying an additional 6,798 shares during the period. Finally, Cidel Asset Management Inc. increased its position in Toronto Dominion Bank by 3.2% in the 3rd quarter. Cidel Asset Management Inc. now owns 566,193 shares of the bank’s stock worth $45,282,000 after buying an additional 17,478 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $113.26 on Monday. Toronto Dominion Bank has a 1-year low of $69.86 and a 1-year high of $114.56. The firm has a market capitalization of $187.15 billion, a PE ratio of 17.67, a PEG ratio of 1.25 and a beta of 0.72. The business’s 50 day moving average is $105.17 and its 200-day moving average is $97.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm earned $1.97 EPS. Toronto Dominion Bank’s revenue for the quarter was down 31.1% compared to the same quarter last year. Sell-side analysts predict that Toronto Dominion Bank will post 6.92 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is 48.52%.

Analysts Set New Price Targets

Several research analysts have commented on TD shares. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.