Rockefeller Capital Management L.P. Purchases 4,345 Shares of Toronto Dominion Bank (The) $TD

Rockefeller Capital Management L.P. boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,384 shares of the bank’s stock after buying an additional 4,345 shares during the period. Rockefeller Capital Management L.P.’s holdings in Toronto Dominion Bank were worth $2,391,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 433.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock valued at $1,528,000 after buying an additional 13,179 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Toronto Dominion Bank in the 4th quarter worth about $299,850,000. JCIC Asset Management Inc. raised its holdings in shares of Toronto Dominion Bank by 891.5% in the 4th quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock worth $8,035,000 after acquiring an additional 76,650 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Toronto Dominion Bank in the 2nd quarter valued at about $259,000. Finally, LRT Capital Management LLC bought a new position in Toronto Dominion Bank in the 3rd quarter valued at about $3,865,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $120.38 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $111.73 and a two-hundred day simple moving average of $101.06. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $120.98. The firm has a market cap of $198.91 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the company earned $1.97 EPS. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. Analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is presently 50.55%.

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.