548,046 Shares in Toronto Dominion Bank (The) $TD Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. bought a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 548,046 shares of the bank’s stock, valued at approximately $40,228,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sienna Gestion lifted its holdings in shares of Toronto Dominion Bank by 11.0% during the second quarter. Sienna Gestion now owns 274,559 shares of the bank’s stock worth $18,401,000 after purchasing an additional 27,300 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new position in Toronto Dominion Bank in the second quarter valued at approximately $404,000. Genus Capital Management Inc. lifted its holdings in Toronto Dominion Bank by 6.6% in the second quarter. Genus Capital Management Inc. now owns 120,248 shares of the bank’s stock valued at $8,827,000 after acquiring an additional 7,425 shares during the period. NewSquare Capital LLC lifted its holdings in Toronto Dominion Bank by 4.6% in the second quarter. NewSquare Capital LLC now owns 127,916 shares of the bank’s stock valued at $9,267,000 after acquiring an additional 5,647 shares during the period. Finally, WorthPointe LLC acquired a new position in Toronto Dominion Bank in the second quarter valued at approximately $225,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.2%

NYSE TD opened at $80.67 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day moving average price of $78.82 and a 200 day moving average price of $73.24. The company has a market cap of $136.85 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.68 and a beta of 0.80. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.88.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. Research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.63%.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of analyst reports. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Profile

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.