Aviva PLC Purchases 75,352 Shares of Toronto Dominion Bank (The) $TD

Aviva PLC boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,467,456 shares of the bank’s stock after purchasing an additional 75,352 shares during the quarter. Aviva PLC owned approximately 0.09% of Toronto Dominion Bank worth $138,412,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of Toronto Dominion Bank by 21.8% during the third quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock valued at $74,821,000 after acquiring an additional 167,736 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Toronto Dominion Bank by 0.7% during the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after acquiring an additional 246,999 shares in the last quarter. Prime Capital Investment Advisors LLC increased 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 acquiring an additional 13,179 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Toronto Dominion Bank by 3.2% during the third quarter. Cidel Asset Management Inc. now owns 566,193 shares of the bank’s stock valued at $45,282,000 after acquiring an additional 17,478 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its holdings in shares of Toronto Dominion Bank by 891.5% during the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock valued at $8,035,000 after acquiring an additional 76,650 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the subject of several analyst reports. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada raised their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Price Performance

NYSE TD opened at $116.28 on Friday. The stock has a 50-day moving average of $106.98 and a 200 day moving average of $98.18. The company has a market capitalization of $192.14 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.27 and a beta of 0.72. Toronto Dominion Bank has a one year low of $70.09 and a one year high of $116.45. 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 (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The business had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. On average, sell-side analysts forecast that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

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.