Toronto-Dominion Bank (TD) Shares Bought by TD Asset Management Inc.

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TD Asset Management Inc. boosted its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.4% in the 1st quarter, reports. The firm owned 48,855,643 shares of the bank’s stock after buying an additional 1,157,886 shares during the period. Toronto-Dominion Bank comprises about 4.0% of TD Asset Management Inc.’s portfolio, making the stock its 3rd biggest holding. TD Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $2,652,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Capital Investment Advisory Services LLC acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $27,000. Financial Gravity Wealth Inc. acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter worth $29,000. Farmers National Bank acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter worth $33,000. Country Trust Bank acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $35,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Toronto-Dominion Bank by 24.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 902 shares of the bank’s stock worth $45,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 49.74% of the company’s stock.

TD traded up $0.39 on Monday, reaching $55.64. The stock had a trading volume of 184,506 shares, compared to its average volume of 951,982. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The stock has a market cap of $100.98 billion, a PE ratio of 11.06, a PEG ratio of 1.57 and a beta of 1.06.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.13). Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.35 billion. On average, equities research analysts expect that Toronto-Dominion Bank will post 5.07 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.564 dividend. This represents a $2.26 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, April 9th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s dividend payout ratio is presently 44.14%.

A number of research firms have recently commented on TD. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday. Zacks Investment Research cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday. Finally, BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $60.00.

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Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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