Prudential PLC Has $3.09 Million Stake in Toronto Dominion Bank (The) $TD

Prudential PLC grew its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 34.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,806 shares of the bank’s stock after buying an additional 8,392 shares during the quarter. Prudential PLC’s holdings in Toronto Dominion Bank were worth $3,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TD. AQR Capital Management LLC acquired a new position in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $568,000. Focus Partners Wealth raised its position in shares of Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after buying an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at approximately $259,000. Cresset Asset Management LLC acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at approximately $211,000. Finally, NewEdge Advisors LLC raised its position in shares of Toronto Dominion Bank by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after buying an additional 1,622 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Trading Down 0.4%

Shares of Toronto Dominion Bank stock opened at $113.26 on Friday. The firm has a market capitalization of $187.15 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. 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’s 50 day moving average is $105.17 and its 200 day moving average is $97.14. Toronto Dominion Bank has a 1 year low of $69.86 and a 1 year high of $114.56.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The firm’s revenue was down 31.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 EPS. Equities research analysts forecast that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. Toronto Dominion Bank’s payout ratio is presently 48.52%.

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.