Healthcare of Ontario Pension Plan Trust Fund Acquires 3,496,645 Shares of Toronto Dominion Bank (The) $TD

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 41.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,899,945 shares of the bank’s stock after buying an additional 3,496,645 shares during the period. Toronto Dominion Bank makes up 1.9% of Healthcare of Ontario Pension Plan Trust Fund’s investment portfolio, making the stock its 12th biggest position. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Toronto Dominion Bank were worth $1,121,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TD. Harvest Fund Management Co. Ltd raised its holdings in Toronto Dominion Bank by 112.8% during 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 during the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in Toronto Dominion Bank during the 4th quarter valued at $34,000. Smartleaf Asset Management LLC raised its holdings in Toronto Dominion Bank by 660.9% during 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 during the last quarter. Cornerstone Planning Group LLC raised its holdings in Toronto Dominion Bank by 177.9% during 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 during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Toronto Dominion Bank by 80.6% during 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 during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TD shares. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Up 0.9%

Shares of NYSE TD opened at $117.32 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $70.09 and a 12 month high of $117.95. The firm has a market capitalization of $193.87 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72. The firm has a fifty day simple moving average of $107.43 and a two-hundred day simple moving average of $98.32.

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

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio (DPR) 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.