Capital Research Global Investors Grows Holdings in Toronto Dominion Bank (The) $TD

Capital Research Global Investors grew its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,690,845 shares of the bank’s stock after purchasing an additional 26,296 shares during the period. Capital Research Global Investors’ holdings in Toronto Dominion Bank were worth $455,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TD. True Wealth Design LLC acquired a new position in Toronto Dominion Bank during the 3rd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the third quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC purchased a new position in Toronto Dominion Bank during the 2nd quarter worth $32,000. Sachetta LLC acquired a new position in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. Finally, Tobam raised its stake in shares of Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.5%

NYSE:TD opened at $95.84 on Wednesday. The firm has a market capitalization of $160.17 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.09 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.84. The business’s 50-day moving average is $95.47 and its two-hundred day moving average is $86.85.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the previous year, the firm earned $2.02 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is presently 34.81%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.