Munich Reinsurance Co Stock Corp in Munich Takes $6.68 Million Position in Toronto Dominion Bank (The) $TD

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 83,533 shares of the bank’s stock, valued at approximately $6,681,000.

A number of other hedge funds have also recently added to or reduced their stakes in TD. Commons Capital LLC lifted its holdings in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after acquiring an additional 134 shares during the period. Essex Financial Services Inc. grew its stake in Toronto Dominion Bank by 1.8% in the 3rd quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock valued at $626,000 after purchasing an additional 139 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Toronto Dominion Bank by 5.0% during the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after purchasing an additional 141 shares during the last quarter. Journey Strategic Wealth LLC increased its position in shares of Toronto Dominion Bank by 3.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 4,031 shares of the bank’s stock valued at $322,000 after purchasing an additional 145 shares during the last quarter. Finally, Tobam raised its stake in shares of Toronto Dominion Bank by 44.5% during the 2nd quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD opened at $95.64 on Friday. The firm has a 50-day moving average price of $95.43 and a 200-day moving average price of $86.45. Toronto Dominion Bank has a twelve month low of $54.87 and a twelve month high of $99.84. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $159.84 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.09 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the prior year, the company posted $2.02 EPS. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. Equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given 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 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Profile

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.