Varma Mutual Pension Insurance Co Acquires 6,900 Shares of Toronto Dominion Bank (The) $TD

Varma Mutual Pension Insurance Co lifted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 301,698 shares of the bank’s stock after purchasing an additional 6,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Toronto Dominion Bank were worth $28,472,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Main Line Retirement Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 0.9% during the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Toronto Dominion Bank by 8.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after purchasing an additional 122 shares during the last quarter. Commons Capital LLC grew its holdings in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the topic of several recent research reports. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 0.1%

Shares of Toronto Dominion Bank stock opened at $107.39 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $177.85 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71. Toronto Dominion Bank has a 52-week low of $62.79 and a 52-week high of $108.35. The company has a 50-day simple moving average of $98.22 and a two-hundred day simple moving average of $92.34.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the previous year, the company earned $2.02 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts anticipate that Toronto Dominion Bank will post 6.87 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were paid a $1.08 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s payout ratio is currently 34.36%.

Toronto Dominion Bank 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.