Dimensional Fund Advisors LP Raises Stock Holdings in Toronto Dominion Bank (The) $TD

Dimensional Fund Advisors LP increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,973,169 shares of the bank’s stock after purchasing an additional 22,331 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.41% of Toronto Dominion Bank worth $557,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth about $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank during the third quarter worth approximately $30,000. Sachetta LLC acquired a new stake in Toronto Dominion Bank during the third quarter worth approximately $33,000. Elevation Point Wealth Partners LLC purchased a new stake in Toronto Dominion Bank in the 2nd quarter worth approximately $32,000. Finally, Tobam raised its holdings in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 1.0%

Shares of NYSE:TD opened at $98.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.84. The stock has a market capitalization of $164.96 billion, a P/E ratio of 10.91, a PEG ratio of 1.11 and a beta of 0.66. The stock has a 50-day simple moving average of $95.36 and a 200-day simple moving average of $86.13.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter last year, the firm posted $2.02 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.4%. Toronto Dominion Bank’s payout ratio is presently 34.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TD shares. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.00.

About Toronto Dominion Bank

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.