First Trust Advisors LP Has $56.12 Million Holdings in Toronto Dominion Bank (The) $TD

First Trust Advisors LP boosted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,469 shares of the bank’s stock after purchasing an additional 39,608 shares during the period. First Trust Advisors LP’s holdings in Toronto Dominion Bank were worth $56,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth about $2,125,963,000. Auto Owners Insurance Co grew its holdings in shares of Toronto Dominion Bank by 9,320.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock worth $396,544,000 after buying an additional 3,923,347 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after buying an additional 3,496,645 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Toronto Dominion Bank in the 4th quarter valued at approximately $299,850,000. Finally, Massachusetts Financial Services Co. MA lifted its stake 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 valued at $1,432,854,000 after acquiring an additional 3,129,457 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TD shares. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Up 0.0%

NYSE:TD opened at $119.82 on Monday. The firm has a market capitalization of $197.09 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.34 and a beta of 0.71. Toronto Dominion Bank has a twelve month low of $72.21 and a twelve month high of $124.87. The stock’s 50 day moving average price is $117.29 and its two-hundred day moving average price is $104.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data 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. The company had revenue of $11.80 billion for the quarter, compared to analysts’ expectations 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 revenue was down 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 EPS. Equities research analysts expect that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is presently 49.14%.

Toronto Dominion Bank Company 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.