Korea Investment CORP Has $89.99 Million Stock Position in Toronto Dominion Bank (The) $TD

Korea Investment CORP increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 953,530 shares of the bank’s stock after acquiring an additional 4,327 shares during the quarter. Korea Investment CORP’s holdings in Toronto Dominion Bank were worth $89,986,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in Toronto Dominion Bank by 4.7% in the 4th quarter. Lord Abbett & CO. LLC now owns 180,696 shares of the bank’s stock valued at $17,030,000 after purchasing an additional 8,132 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Toronto Dominion Bank by 47.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 29,344 shares of the bank’s stock valued at $2,764,000 after purchasing an additional 9,475 shares during the period. Wealthspire Advisors LLC boosted its stake in Toronto Dominion Bank by 63.2% in the 4th quarter. Wealthspire Advisors LLC now owns 5,465 shares of the bank’s stock valued at $515,000 after purchasing an additional 2,117 shares during the period. Wasatch Advisors LP boosted its stake in Toronto Dominion Bank by 0.6% in the 4th quarter. Wasatch Advisors LP now owns 51,494 shares of the bank’s stock valued at $4,853,000 after purchasing an additional 316 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its stake in Toronto Dominion Bank by 2.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 717,434 shares of the bank’s stock valued at $67,660,000 after purchasing an additional 16,851 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TD shares. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Performance

TD opened at $117.32 on Friday. The firm has a market cap of $193.87 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.72. Toronto Dominion Bank has a 52-week low of $70.09 and a 52-week high of $117.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average is $107.43 and its 200-day moving average is $98.32.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.11. The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.Toronto Dominion Bank’s quarterly revenue was down 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. Sell-side analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. Toronto Dominion Bank’s payout ratio is currently 48.52%.

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.