Nykredit A S Purchases Shares of 334,713 Toronto Dominion Bank (The) $TD

Nykredit A S bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, Holdings Channel reports. The institutional investor bought 334,713 shares of the bank’s stock, valued at approximately $40,682,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at $2,125,963,000. Geode Capital Management LLC lifted its stake in Toronto Dominion Bank by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 16,747,071 shares of the bank’s stock worth $1,610,733,000 after purchasing an additional 968,122 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toronto Dominion Bank by 41.6% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after buying an additional 3,496,645 shares during the period. Legal & General Group Plc grew its holdings in shares of Toronto Dominion Bank by 4.3% during the fourth quarter. Legal & General Group Plc now owns 10,148,324 shares of the bank’s stock worth $957,711,000 after purchasing an additional 419,105 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Toronto Dominion Bank by 8.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,565,982 shares of the bank’s stock worth $705,950,000 after acquiring an additional 589,316 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TD shares. Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Keefe, Bruyette & Woods assumed coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $122.33 on Friday. Toronto Dominion Bank has a twelve month low of $77.26 and a twelve month high of $125.46. The firm’s 50 day moving average price is $120.88 and its 200-day moving average price is $111.80. The stock has a market capitalization of $201.20 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The business had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts expect that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be paid a $1.12 dividend. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.81%.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating under the TD name, is a Canadian financial services company headquartered in Toronto, Ontario. The bank traces its history to the formation of The Toronto-Dominion Bank in 1955 through the merger of The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869.

TD provides a broad range of banking and financial services to individuals, businesses and institutions. Its offerings include personal and commercial deposit accounts, mortgages, consumer and business lending, credit cards, payment services, investment products, insurance and wealth management.