Legal & General Group Plc Has $778.12 Million Stock Position in Toronto Dominion Bank (The) $TD

Legal & General Group Plc boosted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,729,219 shares of the bank’s stock after buying an additional 277,031 shares during the quarter. Legal & General Group Plc owned approximately 0.57% of Toronto Dominion Bank worth $778,117,000 at the end of the most recent reporting period.

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

Toronto Dominion Bank Stock Down 0.3%

TD opened at $95.34 on Tuesday. The stock has a fifty day moving average of $95.45 and a 200-day moving average of $86.70. The company has a market capitalization of $159.34 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.09 and a beta of 0.66. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. 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 (NYSE:TD) (TSE:TD) last released 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 business had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the prior year, the company posted $2.02 earnings per share. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS 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. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend 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 (DPR) is currently 34.81%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TD. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus 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.