Nykredit A S Makes New $46.81 Million Investment in Toronto Dominion Bank (The) $TD

Nykredit A S acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 385,113 shares of the bank’s stock, valued at approximately $46,808,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban bought a new stake in shares of Toronto Dominion Bank in the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd increased its holdings in Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the period. CBIZ Investment Advisory Services LLC bought a new position in Toronto Dominion Bank during the 4th quarter valued at approximately $34,000. Brown Lisle Cummings Inc. raised its position in Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after buying an additional 456 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $121.51 on Thursday. The company has a 50-day simple moving average of $120.66 and a two-hundred day simple moving average of $109.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $199.87 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.73. Toronto Dominion Bank has a one year low of $74.11 and a one year high of $125.46.

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

Toronto Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be given a dividend of $1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s payout ratio is currently 46.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TD shares. Keefe, Bruyette & Woods initiated coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.

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.