Skandinaviska Enskilda Banken AB publ Boosts Holdings in Toronto Dominion Bank (The) $TD

Skandinaviska Enskilda Banken AB publ grew its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 309.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996,707 shares of the bank’s stock after buying an additional 753,374 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Toronto Dominion Bank were worth $73,208,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Triasima Portfolio Management inc. purchased a new position in Toronto Dominion Bank in the 2nd quarter worth $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Toronto Dominion Bank by 41.9% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after acquiring an additional 1,302,281 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Toronto Dominion Bank by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock worth $121,791,000 after purchasing an additional 51,698 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Toronto Dominion Bank by 304.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after acquiring an additional 1,840,747 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Toronto Dominion Bank by 38.6% during the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Up 1.3%

Shares of TD opened at $83.40 on Friday. The business has a fifty day moving average of $80.75 and a 200 day moving average of $75.28. The company has a market cap of $140.91 billion, a PE ratio of 9.74, a P/E/G ratio of 1.68 and a beta of 0.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $83.57.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. On average, sell-side analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Analyst Ratings Changes

TD has been the topic of a number of recent research reports. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.