Legal & General Group Plc Has $957.71 Million Stock Position in Toronto Dominion Bank (The) $TD

Legal & General Group Plc raised its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,148,324 shares of the bank’s stock after acquiring an additional 419,105 shares during the quarter. Legal & General Group Plc owned approximately 0.60% of Toronto Dominion Bank worth $957,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Cornerstone Planning Group LLC increased its position in shares of Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after buying an additional 274 shares during the period. Sound Income Strategies LLC increased its position in shares of Toronto Dominion Bank by 80.6% during the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after buying an additional 208 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after buying an additional 456 shares during the period. Entrust Financial LLC acquired a new stake in shares of Toronto Dominion Bank during the fourth quarter worth $55,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $48,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TD has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. 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. Finally, Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Toronto Dominion Bank Stock Up 0.0%

Shares of NYSE TD opened at $111.92 on Monday. The firm has a market cap of $185.37 billion, a PE ratio of 12.37, a P/E/G ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a 12-month low of $66.53 and a 12-month high of $112.32. The company’s fifty day simple moving average is $101.42 and its 200 day simple moving average is $95.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09.

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. The business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 6.89 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 3.9%. Toronto Dominion Bank’s dividend 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.