7,269 Shares in Toronto Dominion Bank (The) $TD Acquired by One Capital Management LLC

One Capital Management LLC purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,269 shares of the bank’s stock, valued at approximately $686,000.

Several other institutional investors have also made changes to their positions in TD. Norges Bank acquired a new stake in Toronto Dominion Bank in the fourth quarter valued at approximately $2,125,963,000. Canerector Inc. lifted its stake in Toronto Dominion Bank by 11,028.0% in the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after acquiring an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Toronto Dominion Bank by 25.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after acquiring an additional 3,129,457 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Toronto Dominion Bank by 5,566.3% in the third quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after acquiring an additional 2,408,334 shares during the last quarter. Finally, Caisse de depot et placement du Quebec lifted its stake in Toronto Dominion Bank by 70.1% in the third quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock valued at $188,746,000 after acquiring an additional 972,513 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock opened at $113.73 on Friday. The firm has a fifty day simple moving average of $104.79 and a 200-day simple moving average of $97.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $69.56 and a 1-year high of $114.56. The stock has a market capitalization of $187.94 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.24 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data 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 business 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. Toronto Dominion Bank’s revenue for the quarter was down 31.1% on a year-over-year basis. On average, sell-side analysts expect that Toronto Dominion Bank will post 6.92 earnings per share for the current 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 3.9%. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.