Te Ahumairangi Investment Management Ltd Increases Position in Toronto Dominion Bank (The) $TD

by · The Cerbat Gem

Te Ahumairangi Investment Management Ltd boosted its position in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 3.3% in the 2nd quarter, Holdings Channel reports. The fund owned 61,351 shares of the bank’s stock after purchasing an additional 1,970 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Toronto Dominion Bank were worth $4,503,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Independence Financial Advisors LLC purchased a new stake in shares of Toronto Dominion Bank in the first quarter valued at $243,000. Natixis Advisors LLC boosted its stake in Toronto Dominion Bank by 57.1% in the 1st quarter. Natixis Advisors LLC now owns 67,083 shares of the bank’s stock worth $4,021,000 after buying an additional 24,378 shares during the last quarter. Brentview Investment Management LLC acquired a new stake in Toronto Dominion Bank in the 1st quarter worth about $40,000. US Bancorp DE grew its holdings in Toronto Dominion Bank by 19.1% in the 1st quarter. US Bancorp DE now owns 19,666 shares of the bank’s stock valued at $1,179,000 after buying an additional 3,154 shares during the period. Finally, Alberta Investment Management Corp increased its stake in shares of Toronto Dominion Bank by 2.9% during the 1st quarter. Alberta Investment Management Corp now owns 4,629,156 shares of the bank’s stock valued at $277,347,000 after acquiring an additional 131,158 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TD has been the topic of several research analyst reports. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average price target of $93.00.

View Our Latest Analysis on TD

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $82.28 on Wednesday. The firm has a fifty day moving average of $80.55 and a 200-day moving average of $75.17. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $83.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $139.01 billion, a P/E ratio of 9.61, a PEG ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the company earned $2.05 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.1%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.16%.

Toronto Dominion Bank Company Profile

(Free Report)

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.

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