Erste Asset Management GmbH Has $19.65 Million Stock Position in Toronto Dominion Bank (The) $TD

Erste Asset Management GmbH lowered its stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 246,011 shares of the bank’s stock after selling 11,016 shares during the quarter. Erste Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $19,648,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Toronto Dominion Bank in the 3rd quarter worth $27,000. Mather Group LLC. bought a new stake in shares of Toronto Dominion Bank in the third quarter valued at about $30,000. Sachetta LLC acquired a new position in shares of Toronto Dominion Bank during the third quarter worth about $33,000. Elevation Point Wealth Partners LLC bought a new position in shares of Toronto Dominion Bank during the second quarter worth about $32,000. Finally, Tobam raised its position in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. 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. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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Key Stories Impacting Toronto Dominion Bank

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Stock Down 1.5%

Toronto Dominion Bank stock opened at $97.31 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $95.09 and its 200-day moving average is $85.55. The firm has a market capitalization of $162.63 billion, a PE ratio of 10.75, a P/E/G ratio of 1.32 and a beta of 0.67. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.28% and a net margin of 17.52%.The business had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same quarter last year, the company posted $2.02 earnings per share. Toronto Dominion Bank’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.4%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 34.70%.

Toronto Dominion Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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