Bank of New York Mellon Corp Raises Holdings in Toronto Dominion Bank (The) $TD

Bank of New York Mellon Corp raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,706,480 shares of the bank’s stock after purchasing an additional 48,336 shares during the period. Bank of New York Mellon Corp’s holdings in Toronto Dominion Bank were worth $136,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank in the third quarter valued at approximately $27,000. Mather Group LLC. purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at approximately $30,000. Sachetta LLC acquired a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at $33,000. Quaker Wealth Management LLC boosted its position in shares of Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $32,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TD shares. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

TD stock opened at $93.48 on Friday. The stock has a 50-day simple moving average of $91.67 and a 200-day simple moving average of $82.48. The firm has a market cap of $156.88 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67. Toronto Dominion Bank has a 1 year low of $54.14 and a 1 year high of $96.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

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

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s payout ratio is 37.37%.

Toronto Dominion Bank 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.