Quadrature Capital Ltd Has $196.03 Million Position in Toronto Dominion Bank (The) $TD

Quadrature Capital Ltd boosted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5,566.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,451,600 shares of the bank’s stock after buying an additional 2,408,334 shares during the period. Toronto Dominion Bank makes up about 2.3% of Quadrature Capital Ltd’s holdings, making the stock its 8th largest holding. Quadrature Capital Ltd’s holdings in Toronto Dominion Bank were worth $196,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Canerector Inc. boosted its position in shares of Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after acquiring an additional 22,056,000 shares during the last quarter. Norges Bank bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $1,543,639,000. Picton Mahoney Asset Management bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $267,475,000. Vanguard Group Inc. raised its stake in Toronto Dominion Bank by 3.4% in the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after purchasing an additional 2,552,603 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Toronto Dominion Bank by 1,477.7% in the second quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock valued at $195,749,000 after purchasing an additional 2,497,700 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TD shares. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Two 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 MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $94.07 on Friday. The firm has a market capitalization of $157.21 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.09 and a beta of 0.66. The stock has a fifty day moving average of $95.50 and a 200 day moving average of $86.96. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week 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.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors 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 4.6%. Toronto Dominion Bank’s payout ratio is currently 34.81%.

Toronto Dominion Bank Company 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.