Maryland State Retirement & Pension System Boosts Holdings in Toronto Dominion Bank (The) $TD

Maryland State Retirement & Pension System raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,821 shares of the bank’s stock after purchasing an additional 19,878 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Toronto Dominion Bank were worth $18,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in Toronto Dominion Bank in the 3rd quarter worth approximately $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank in the third quarter worth $30,000. Quaker Wealth Management LLC lifted its holdings in shares of Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank in the 2nd quarter worth about $32,000. Finally, Sachetta LLC purchased a new position in Toronto Dominion Bank in the 3rd quarter worth about $33,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TD. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.3%

TD opened at $93.79 on Friday. The stock has a market cap of $157.41 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $89.15 and its 200 day moving average is $81.07. Toronto Dominion Bank has a fifty-two week low of $54.14 and a fifty-two week high of $96.44.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be issued a $1.08 dividend. The ex-dividend date is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 37.37%.

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.