Korea Investment CORP Buys 4,327 Shares of Toronto Dominion Bank (The) $TD

Korea Investment CORP grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 953,530 shares of the bank’s stock after buying an additional 4,327 shares during the period. Korea Investment CORP owned approximately 0.06% of Toronto Dominion Bank worth $89,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Citigroup Inc. increased its stake in Toronto Dominion Bank by 21.8% during the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock worth $74,821,000 after purchasing an additional 167,736 shares in the last quarter. TD Asset Management Inc lifted its stake in Toronto Dominion Bank by 0.7% in the third 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. Prime Capital Investment Advisors LLC lifted its stake in Toronto Dominion Bank by 433.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock valued at $1,528,000 after buying an additional 13,179 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Toronto Dominion Bank by 3.2% in the third quarter. Cidel Asset Management Inc. now owns 566,193 shares of the bank’s stock valued at $45,282,000 after buying an additional 17,478 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its stake in Toronto Dominion Bank by 891.5% in the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock valued at $8,035,000 after buying an additional 76,650 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of a number of research reports. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. One investment 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Trading Up 0.9%

NYSE TD opened at $117.32 on Friday. The stock has a market capitalization of $193.87 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.28 and a beta of 0.72. The stock’s 50 day moving average price is $107.43 and its two-hundred day moving average price is $98.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a 52 week low of $70.09 and a 52 week high of $117.95.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released 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 firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 48.52%.

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.