Toronto Dominion Bank (The) $TD Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 97,557 shares of the bank’s stock after purchasing an additional 6,798 shares during the period. Allianz Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $7,802,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TD. Canada Pension Plan Investment Board boosted its holdings in shares of Toronto Dominion Bank by 18.5% in the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after acquiring an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company raised its position in Toronto Dominion Bank by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock valued at $1,010,852,000 after purchasing an additional 115,203 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Toronto Dominion Bank during the 2nd quarter worth $267,475,000. Bank of New York Mellon Corp grew its position in Toronto Dominion Bank by 3.2% during 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 last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in Toronto Dominion Bank by 304.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after purchasing an additional 1,840,747 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TD shares. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $98.24 on Tuesday. The company has a market cap of $164.88 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $98.36. The business has a fifty day moving average of $93.18 and a two-hundred day moving average of $83.44. 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 announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating 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 business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter last year, the firm posted $1.72 EPS. The business’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. 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.