PNC Financial Services Group Inc. Has $3.29 Million Stake in Toronto Dominion Bank (The) $TD

PNC Financial Services Group Inc. grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,187 shares of the bank’s stock after purchasing an additional 6,803 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Toronto Dominion Bank were worth $3,293,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC bought a new stake in Toronto Dominion Bank during the 3rd quarter valued at approximately $27,000. Mather Group LLC. bought a new stake in shares of Toronto Dominion Bank in the third quarter valued at approximately $30,000. Sachetta LLC acquired a new stake in shares of Toronto Dominion Bank in the third quarter worth $33,000. Quaker Wealth Management LLC increased its position in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 1.2%

NYSE TD opened at $96.99 on Friday. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.04. The company has a market capitalization of $162.09 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.28 and a beta of 0.67. The stock’s 50 day moving average is $94.61 and its two-hundred day moving average is $84.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.Toronto Dominion Bank’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. Equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

About Toronto Dominion Bank

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.