O Shaughnessy Asset Management LLC Has $36.34 Million Stake in Toronto Dominion Bank (The) $TD

O Shaughnessy Asset Management LLC boosted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 385,620 shares of the bank’s stock after buying an additional 21,340 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Toronto Dominion Bank were worth $36,340,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in Toronto Dominion Bank in the 4th quarter valued at $34,000. Cornerstone Planning Group LLC boosted its stake in Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after buying an additional 208 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Trading Up 0.1%

Shares of TD opened at $113.26 on Monday. The stock has a fifty day moving average price of $105.17 and a two-hundred day moving average price of $97.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a 52-week low of $69.86 and a 52-week high of $114.56. The company has a market cap of $187.15 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.25 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the company posted $1.97 EPS. The business’s revenue for the quarter was down 31.1% compared to the same quarter last year. Analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

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.