Capital Research Global Investors Grows Holdings in Toronto Dominion Bank (The) $TD

Capital Research Global Investors increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,711,002 shares of the bank’s stock after buying an additional 20,157 shares during the period. Capital Research Global Investors owned about 0.34% of Toronto Dominion Bank worth $538,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc increased its stake in Toronto Dominion Bank by 1.8% during the 4th quarter. Tacita Capital Inc now owns 46,614 shares of the bank’s stock worth $4,396,000 after buying an additional 816 shares during the period. Havemeyer Place LP purchased a new stake in Toronto Dominion Bank during the 4th quarter worth $1,026,000. OneAscent Family Office LLC purchased a new stake in Toronto Dominion Bank during the 4th quarter worth $257,000. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Toronto Dominion Bank during the 4th quarter worth $15,760,000. Finally, Parallel Advisors LLC increased its stake in Toronto Dominion Bank by 3.4% during the 4th quarter. Parallel Advisors LLC now owns 5,884 shares of the bank’s stock worth $554,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TD shares. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. 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 assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Trading Up 0.1%

Toronto Dominion Bank stock opened at $113.26 on Monday. The firm’s 50-day moving average is $105.17 and its 200-day moving average is $97.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a 1 year low of $69.86 and a 1 year high of $114.56. The company has a market cap of $187.15 billion, a P/E ratio of 17.67, a PEG ratio of 1.25 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $1.97 EPS. The company’s revenue for the quarter was down 31.1% on a year-over-year basis. On average, equities analysts expect that Toronto Dominion Bank will post 6.92 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is 48.52%.

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.