Toronto Dominion Bank (The) $TD Position Boosted by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,963 shares of the bank’s stock after buying an additional 4,735 shares during the quarter. Bleakley Financial Group LLC’s holdings in Toronto Dominion Bank were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Toronto Dominion Bank by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock worth $7,280,911,000 after buying an additional 765,107 shares in the last quarter. TD Asset Management Inc grew its holdings in Toronto Dominion Bank by 0.7% in the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after buying an additional 246,999 shares in the last quarter. Canerector Inc. grew its holdings in Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after buying an additional 22,056,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Toronto Dominion Bank by 25.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock worth $1,432,854,000 after buying an additional 3,129,457 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Toronto Dominion Bank by 4.3% during the 4th quarter. Legal & General Group Plc now owns 10,148,324 shares of the bank’s stock valued at $957,711,000 after purchasing an additional 419,105 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

TD has been the subject of a number of research reports. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Toronto Dominion Bank

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $113.33 on Friday. The stock has a fifty day moving average price of $102.85 and a two-hundred day moving average price of $95.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $187.70 billion, a P/E ratio of 12.52, a PEG ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a 1 year low of $68.08 and a 1 year high of $113.51.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The company’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $2.02 EPS. Research analysts forecast that Toronto Dominion Bank will post 6.89 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is 34.36%.

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Toronto Dominion Bank Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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