Erste Asset Management GmbH Buys 11,848 Shares of Toronto Dominion Bank (The) $TD

Erste Asset Management GmbH grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,395 shares of the bank’s stock after acquiring an additional 11,848 shares during the quarter. Erste Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $14,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TD. Raymond James Financial Inc. bought a new position in shares of Toronto Dominion Bank during the fourth quarter valued at $7,865,000. Guggenheim Capital LLC increased its holdings in shares of Toronto Dominion Bank by 40.9% during the fourth quarter. Guggenheim Capital LLC now owns 6,771 shares of the bank’s stock valued at $360,000 after acquiring an additional 1,966 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 198.4% during the fourth quarter. NewEdge Advisors LLC now owns 6,334 shares of the bank’s stock valued at $337,000 after acquiring an additional 4,211 shares in the last quarter. GeoWealth Management LLC increased its holdings in shares of Toronto Dominion Bank by 972.9% during the fourth quarter. GeoWealth Management LLC now owns 1,030 shares of the bank’s stock valued at $55,000 after acquiring an additional 934 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Toronto Dominion Bank by 9.1% in the 4th quarter. First Trust Advisors LP now owns 866,806 shares of the bank’s stock worth $46,149,000 after buying an additional 72,135 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Trading Up 0.5%

Toronto Dominion Bank stock opened at $73.6750 on Thursday. The business has a 50-day simple moving average of $73.30 and a two-hundred day simple moving average of $65.72. The company has a market cap of $126.37 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.61 and a beta of 0.84. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $75.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%.During the same period in the previous year, the company posted $2.04 EPS. Analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.7568 per share. The ex-dividend date was Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.73. Toronto Dominion Bank’s dividend payout ratio is presently 45.31%.

Wall Street Analysts Forecast Growth

TD has been the subject of several research analyst reports. Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a “sector perform” rating for the company. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a report on Friday, May 23rd. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $93.00.

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.