Alberta Investment Management Corp Acquires New Holdings in Toronto Dominion Bank (The) $TD

Alberta Investment Management Corp acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,181,800 shares of the bank’s stock, valued at approximately $299,850,000. Toronto Dominion Bank accounts for approximately 1.0% of Alberta Investment Management Corp’s holdings, making the stock its 25th biggest holding.

Several other institutional investors also recently bought and sold shares of the business. Citigroup Inc. grew its holdings in Toronto Dominion Bank by 21.8% in the third quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock worth $74,821,000 after purchasing an additional 167,736 shares during the last quarter. TD Asset Management Inc grew its holdings in 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 worth $3,008,096,000 after purchasing an additional 246,999 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in 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 worth $1,528,000 after purchasing an additional 13,179 shares during the last quarter. JCIC Asset Management Inc. grew its holdings in Toronto Dominion Bank by 891.5% in the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock worth $8,035,000 after purchasing an additional 76,650 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Toronto Dominion Bank in the second quarter worth $259,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Down 0.0%

NYSE TD opened at $117.33 on Tuesday. The company has a market capitalization of $193.87 billion, a PE ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a fifty day moving average of $107.87 and a 200 day moving average of $98.67. Toronto Dominion Bank has a 1 year low of $70.50 and a 1 year high of $118.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04.

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. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The firm’s quarterly revenue was down 31.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 earnings per share. Research analysts forecast 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. Shareholders of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date of this dividend 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 yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TD shares. Royal Bank Of Canada lifted 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. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. 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 company’s stock. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target 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.