Mawer Investment Management Ltd. Buys 181,200 Shares of The Toronto-Dominion Bank (NYSE:TD)


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Mawer Investment Management Ltd. lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 23.0% in the 4th quarter, Holdings Channel reports. The fund owned 967,800 shares of the bank’s stock after acquiring an additional 181,200 shares during the quarter. Mawer Investment Management Ltd.’s holdings in The Toronto-Dominion Bank were worth $54,603,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit X LLC bought a new stake in shares of The Toronto-Dominion Bank during the third quarter worth $42,000. Evolution Wealth Advisors LLC bought a new stake in shares of The Toronto-Dominion Bank during the fourth quarter worth $25,000. RWM Asset Management LLC bought a new stake in shares of The Toronto-Dominion Bank during the fourth quarter worth $26,000. Birchcreek Wealth Management LLC bought a new position in The Toronto-Dominion Bank in the fourth quarter valued at $28,000. Finally, Perigon Wealth Management LLC bought a new position in The Toronto-Dominion Bank in the fourth quarter valued at $29,000. 48.01% of the stock is owned by institutional investors.

NYSE:TD traded up $0.94 during mid-day trading on Tuesday, hitting $61.89. 99,843 shares of the company’s stock were exchanged, compared to its average volume of 1,580,988. The company has a 50 day simple moving average of $58.54 and a 200-day simple moving average of $51.92. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. The Toronto-Dominion Bank has a fifty-two week low of $33.74 and a fifty-two week high of $61.19. The firm has a market capitalization of $112.43 billion, a P/E ratio of 12.82, a PEG ratio of 1.54 and a beta of 1.04.

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Wednesday, December 2nd. The bank reported $1.60 EPS for the quarter, topping the consensus estimate of $0.94 by $0.66. The Toronto-Dominion Bank had a net margin of 22.23% and a return on equity of 11.63%. The business had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $9.48 billion. During the same period last year, the company earned $1.59 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, analysts expect that The Toronto-Dominion Bank will post 4.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 31st. Investors of record on Friday, January 8th were given a dividend of $0.6114 per share. The ex-dividend date was Thursday, January 7th. This is an increase from The Toronto-Dominion Bank’s previous quarterly dividend of $0.59. This represents a $2.45 annualized dividend and a yield of 3.95%. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 62.16%.

TD has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of The Toronto-Dominion Bank from $69.00 to $79.00 and gave the company a “sector perform” rating in a research report on Friday, December 4th. Canaccord Genuity increased their price target on shares of The Toronto-Dominion Bank from $70.50 to $76.00 and gave the company a “hold” rating in a research note on Friday, December 4th. Zacks Investment Research upgraded shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, February 5th. Barclays increased their price target on shares of The Toronto-Dominion Bank from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 16th. Finally, National Bank Financial cut shares of The Toronto-Dominion Bank from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, February 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.91.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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