Meag Munich Ergo Kapitalanlagegesellschaft MBH continued to hold its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 380,137 shares of the bank’s stock at the end of the second quarter. Toronto Dominion Bank (The) accounts for about 0.8% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 24th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Toronto Dominion Bank (The) were worth $19,124,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Toronto Dominion Bank (The) by 0.9% in the first quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock worth $2,937,432,000 after buying an additional 534,356 shares during the period. TD Asset Management Inc. increased its position in shares of Toronto Dominion Bank (The) by 1.1% in the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock worth $2,581,058,000 after buying an additional 567,500 shares during the period. Vanguard Group Inc. increased its position in shares of Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock worth $1,979,418,000 after buying an additional 1,771,723 shares during the period. Beutel Goodman & Co Ltd. increased its position in shares of Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock worth $1,302,551,000 after buying an additional 1,005,230 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in shares of Toronto Dominion Bank (The) by 1.8% in the first quarter. Mawer Investment Management Ltd. now owns 7,175,238 shares of the bank’s stock worth $620,288,000 after buying an additional 125,448 shares during the period. 52.58% of the stock is owned by hedge funds and other institutional investors.
Toronto Dominion Bank (NYSE:TD) traded down 0.16% during midday trading on Friday, hitting $50.81. The stock had a trading volume of 811,839 shares. Toronto Dominion Bank has a one year low of $42.75 and a one year high of $54.44. The firm has a market cap of $93.66 billion, a PE ratio of 12.65 and a beta of 0.89. The stock has a 50-day moving average price of $50.57 and a 200 day moving average price of $49.83.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. On average, analysts predict that Toronto Dominion Bank will post $4.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were paid a dividend of $0.444 per share. This represents a $1.78 annualized dividend and a yield of 3.49%. The ex-dividend date was Thursday, July 6th. Toronto Dominion Bank (The)’s payout ratio is currently 48.18%.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. Finally, Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $61.71.
About Toronto Dominion Bank (The)
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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