Oslo Pensjonsforsikring AS Takes $475,000 Position in Toronto Dominion Bank (The) $TD

Oslo Pensjonsforsikring AS acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the first quarter, Holdings Channel reports. The fund acquired 5,100 shares of the bank’s stock, valued at approximately $475,000.

Other institutional investors have also made changes to their positions in the company. Bayban acquired a new stake in Toronto Dominion Bank during the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new position in shares of Toronto Dominion Bank in the 4th quarter worth approximately $34,000. Brown Lisle Cummings Inc. lifted its position in shares of Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after buying an additional 191 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after buying an additional 274 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Up 0.0%

NYSE:TD opened at $120.52 on Wednesday. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $124.87. The business’s 50-day moving average price is $116.53 and its two-hundred day moving average price is $104.24. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $198.73 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.34 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s revenue was down 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.97 earnings per share. On average, equities analysts expect that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is 49.14%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TD shares. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. One investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.00.

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.