Erste Asset Management GmbH Acquires 39,762 Shares of Toronto Dominion Bank (The) $TD

Erste Asset Management GmbH increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,773 shares of the bank’s stock after buying an additional 39,762 shares during the period. Erste Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $26,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC raised its stake in shares of Toronto Dominion Bank by 5.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 385,620 shares of the bank’s stock worth $36,340,000 after buying an additional 21,340 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Toronto Dominion Bank during the fourth quarter worth approximately $106,000. Syon Capital LLC raised its stake in shares of Toronto Dominion Bank by 2.6% during the fourth quarter. Syon Capital LLC now owns 15,166 shares of the bank’s stock worth $1,429,000 after buying an additional 378 shares during the last quarter. Capital World Investors increased its stake in shares of Toronto Dominion Bank by 1.5% in the 4th quarter. Capital World Investors now owns 81,441 shares of the bank’s stock valued at $7,676,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Toronto Dominion Bank by 0.4% in the 4th quarter. Capital Research Global Investors now owns 5,711,002 shares of the bank’s stock valued at $538,234,000 after acquiring an additional 20,157 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $113.26 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $105.17 and a 200-day moving average of $97.25. Toronto Dominion Bank has a one year low of $69.86 and a one year high of $114.56. The stock has a market cap 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.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data 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. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $1.97 EPS. Toronto Dominion Bank’s quarterly revenue was down 31.1% compared to the same quarter last year. As a group, sell-side analysts expect that Toronto Dominion Bank will post 6.92 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on TD shares. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.