Toronto Dominion Bank (The) $TD Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 343,800 shares of the bank’s stock after purchasing an additional 7,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toronto Dominion Bank were worth $27,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Toronto Dominion Bank by 3.4% in the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the last quarter. TD Asset Management Inc boosted its stake in Toronto Dominion Bank by 0.9% during the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after acquiring an additional 329,429 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Toronto Dominion Bank by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after acquiring an additional 101,678 shares in the last quarter. Norges Bank acquired a new position in Toronto Dominion Bank during the 2nd quarter worth $1,543,639,000. Finally, Geode Capital Management LLC increased its position in shares of Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after purchasing an additional 2,366,324 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $95.14 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $90.39 and a two-hundred day moving average of $81.76. Toronto Dominion Bank has a 52 week low of $54.14 and a 52 week high of $96.44. The company has a market cap of $159.67 billion, a P/E ratio of 11.29, a PEG ratio of 1.33 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results 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 business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period in the prior year, the firm earned $1.72 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be paid 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 yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.25%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. One research 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 stock. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.