Osaic Holdings Inc. Boosts Holdings in Toronto Dominion Bank (The) $TD

Osaic Holdings Inc. lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,190 shares of the bank’s stock after buying an additional 7,282 shares during the period. Osaic Holdings Inc.’s holdings in Toronto Dominion Bank were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in TD. Orion Porfolio Solutions LLC grew its position in Toronto Dominion Bank by 9.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,300 shares of the bank’s stock worth $1,711,000 after acquiring an additional 1,954 shares during the period. Silverlake Wealth Management LLC grew its holdings in shares of Toronto Dominion Bank by 44.9% during the 2nd quarter. Silverlake Wealth Management LLC now owns 11,997 shares of the bank’s stock worth $881,000 after purchasing an additional 3,715 shares during the period. Cape Investment Advisory Inc. acquired a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth about $44,000. Geneos Wealth Management Inc. increased its position in shares of Toronto Dominion Bank by 88.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,398 shares of the bank’s stock worth $323,000 after purchasing an additional 2,061 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Toronto Dominion Bank by 1,477.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock valued at $195,749,000 after buying an additional 2,497,700 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $94.61 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $52.63 and a 52-week high of $94.83. The firm has a market cap of $159.84 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. The company’s 50 day moving average is $85.19 and its two-hundred day moving average is $78.64.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TD. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

About Toronto Dominion Bank

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.