Schroder Investment Management Group boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,137,668 shares of the bank’s stock after buying an additional 228,549 shares during the period. Toronto Dominion Bank makes up about 1.0% of Schroder Investment Management Group’s investment portfolio, making the stock its 12th largest holding. Schroder Investment Management Group owned 0.44% of Toronto Dominion Bank worth $599,332,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC increased its position in Toronto Dominion Bank by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after buying an additional 487 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of Toronto Dominion Bank in the 4th quarter worth $141,000. Beacon Investment Advisory Services Inc. bought a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth $203,000. Finally, ARGI Investment Services LLC bought a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth $205,000. 48.93% of the stock is owned by institutional investors.
A number of analysts have commented on the company. Zacks Investment Research raised Toronto Dominion Bank from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday. CIBC raised Toronto Dominion Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, February 1st. Bank of America lifted their target price on Toronto Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 target price on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Finally, Scotiabank reissued a “buy” rating and issued a $83.00 target price on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $76.80.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, November 30th. The bank reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The firm had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.13 billion. Toronto Dominion Bank had a return on equity of 15.17% and a net margin of 23.09%. sell-side analysts expect that Toronto Dominion Bank will post 4.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $0.466 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.21%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 46.32%.
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Toronto Dominion Bank Profile
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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