Erste Asset Management GmbH Sells 11,016 Shares of Toronto Dominion Bank (The) $TD

Erste Asset Management GmbH lowered its stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 4.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 246,011 shares of the bank’s stock after selling 11,016 shares during the period. Erste Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $19,648,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TD. Vanguard Group Inc. boosted its holdings in shares of Toronto Dominion Bank by 3.4% during the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after acquiring an additional 2,552,603 shares during the period. TD Asset Management Inc increased its stake in shares of Toronto Dominion Bank by 0.7% during the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after purchasing an additional 246,999 shares during the period. 1832 Asset Management L.P. lifted its holdings in Toronto Dominion Bank by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after purchasing an additional 101,678 shares during the last quarter. Norges Bank bought a new stake in Toronto Dominion Bank in the 2nd quarter valued at $1,543,639,000. Finally, Geode Capital Management LLC boosted its stake in Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after purchasing an additional 2,366,324 shares during the period. 52.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TD shares. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Check Out Our Latest Stock Analysis on Toronto Dominion Bank

Toronto Dominion Bank Price Performance

TD stock opened at $97.31 on Friday. The company’s 50-day moving average price is $95.09 and its two-hundred day moving average price is $85.55. The firm has a market cap of $162.63 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.32 and a beta of 0.67. 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 has a 12 month low of $54.87 and a 12 month high of $99.84.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.28%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.70%.

Toronto Dominion Bank News Summary

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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