Income Insurance Ltd Takes Position in Toronto Dominion Bank (The) $TD

Income Insurance Ltd acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,135 shares of the bank’s stock, valued at approximately $485,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming lifted its position in shares of Toronto Dominion Bank by 236.4% during the 3rd quarter. State of Wyoming now owns 25,765 shares of the bank’s stock valued at $2,061,000 after acquiring an additional 18,105 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Toronto Dominion Bank by 21.8% in the third quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock valued at $74,821,000 after purchasing an additional 167,736 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank by 0.7% in the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after purchasing an additional 246,999 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Toronto Dominion Bank by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 1,706,480 shares of the bank’s stock valued at $136,433,000 after purchasing an additional 48,336 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 433.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 13,179 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 research firms have recently issued reports on TD. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.3%

Toronto Dominion Bank stock opened at $107.40 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $177.88 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.22 and a beta of 0.71. Toronto Dominion Bank has a one year low of $62.79 and a one year high of $109.22. The company’s fifty day moving average price is $98.90 and its two-hundred day moving average price is $92.93.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.02 earnings per share. On average, analysts forecast that Toronto Dominion Bank will post 6.9 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

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.