Toronto Dominion Bank (The) $TD Stock Position Increased by Capital Research Global Investors

Capital Research Global Investors boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 5,711,002 shares of the bank’s stock after buying an additional 20,157 shares during the quarter. Capital Research Global Investors’ holdings in Toronto Dominion Bank were worth $538,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd lifted its position in Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in Toronto Dominion Bank in the 4th quarter valued at about $34,000. Cornerstone Planning Group LLC lifted its position in Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Sound Income Strategies LLC lifted its position in Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

NYSE TD opened at $113.26 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $187.15 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. The company has a 50 day moving average price of $105.17 and a two-hundred day moving average price of $97.25. Toronto Dominion Bank has a 12-month low of $69.86 and a 12-month high of $114.56.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the company earned $1.97 earnings per share. The company’s revenue was down 31.1% compared to the same quarter last year. As a group, equities analysts predict that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. 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 is presently 48.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TD. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Royal Bank Of Canada raised their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.