Toronto Dominion Bank (The) $TD Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,394 shares of the bank’s stock after buying an additional 6,272 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Toronto Dominion Bank were worth $4,370,000 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. AQR Capital Management LLC purchased a new position in Toronto Dominion Bank during the 1st quarter worth approximately $568,000. Focus Partners Wealth boosted its holdings in Toronto Dominion Bank by 27.7% in the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after purchasing an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Toronto Dominion Bank in the second quarter worth $259,000. Cresset Asset Management LLC bought a new stake in Toronto Dominion Bank in the second quarter worth $211,000. Finally, NewEdge Advisors LLC lifted its position in Toronto Dominion Bank by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock worth $590,000 after acquiring an additional 1,622 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $112.49 on Thursday. The firm has a fifty day moving average of $104.38 and a two-hundred day moving average of $96.80. The stock has a market capitalization of $185.89 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.25 and a beta of 0.72. Toronto Dominion Bank has a 52 week low of $69.56 and a 52 week high of $114.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the firm posted $1.97 earnings per share. The business’s quarterly revenue was down 31.1% compared to the same quarter last year. As a group, equities research analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 48.52%.

Analysts Set New Price Targets

TD has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

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.