Natixis Advisors L.P. Buys 26,713 Shares of The Toronto-Dominion Bank (NYSE:TD)

Natixis Advisors L.P. lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 25.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 131,214 shares of the bank’s stock after buying an additional 26,713 shares during the quarter. Natixis Advisors L.P.’s holdings in Toronto-Dominion Bank were worth $8,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Direct Indexing L.P. lifted its position in Toronto-Dominion Bank by 16.5% during the fourth quarter. First Trust Direct Indexing L.P. now owns 12,042 shares of the bank’s stock worth $778,000 after purchasing an additional 1,702 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of Toronto-Dominion Bank by 80.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,783 shares of the bank’s stock valued at $115,000 after purchasing an additional 795 shares during the last quarter. Eagle Ridge Investment Management raised its holdings in shares of Toronto-Dominion Bank by 0.3% during the 4th quarter. Eagle Ridge Investment Management now owns 129,437 shares of the bank’s stock worth $8,364,000 after buying an additional 335 shares in the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 2.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 18,966 shares of the bank’s stock worth $1,226,000 after buying an additional 479 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in Toronto-Dominion Bank by 31.4% in the fourth quarter. Addison Advisors LLC now owns 4,432 shares of the bank’s stock valued at $286,000 after buying an additional 1,060 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $56.01 on Thursday. The stock has a market cap of $98.75 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.71 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a twelve month low of $54.12 and a twelve month high of $66.15. The company’s fifty day moving average is $58.98 and its 200 day moving average is $60.00.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.77 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.53%.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Finally, Jefferies Financial Group began coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $89.33.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.