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

Share on StockTwits

TD Asset Management Inc. boosted its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.4% in the 1st quarter, HoldingsChannel.com 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.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Highlight Press and is owned by of Highlight Press. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://highlightpress.com/2019/05/20/toronto-dominion-bank-td-shares-bought-by-td-asset-management-inc.html.

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.

Read More: What is the Russell 2000 Index?

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

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

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.