State of Wisconsin Investment Board Acquires New Stake in Toronto Dominion Bank (The) $TD

State of Wisconsin Investment Board acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 634,563 shares of the bank’s stock, valued at approximately $59,885,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Toronto Dominion Bank by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock valued at $7,280,911,000 after buying an additional 765,107 shares in the last quarter. TD Asset Management Inc increased its position in Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after buying an additional 246,999 shares in the last quarter. Norges Bank bought a new position in Toronto Dominion Bank during the 4th quarter valued at approximately $2,125,963,000. Canerector Inc. increased its position in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after buying an additional 22,056,000 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in Toronto Dominion Bank by 6.8% during the 4th quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after buying an additional 1,234,510 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TD shares. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $118.24 on Wednesday. The business’s fifty day simple moving average is $108.33 and its two-hundred day simple moving average is $98.92. 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 has a 12 month low of $70.50 and a 12 month high of $118.60. The company has a market cap of $195.39 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.30 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s revenue was down 31.1% compared to the same quarter last year. During the same period last year, the business posted $1.97 EPS. Research analysts anticipate that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 48.52%.

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.