Toronto Dominion Bank (The) $TD Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 96.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,533,571 shares of the bank’s stock after buying an additional 752,848 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Toronto Dominion Bank were worth $122,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Commons Capital LLC increased its holdings in Toronto Dominion Bank by 0.7% in the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after buying an additional 134 shares during the period. Essex Financial Services Inc. lifted its stake in Toronto Dominion Bank by 1.8% during the 3rd quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock valued at $626,000 after acquiring an additional 139 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Toronto Dominion Bank by 5.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after acquiring an additional 141 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in shares of Toronto Dominion Bank by 3.7% in the 3rd quarter. Journey Strategic Wealth LLC now owns 4,031 shares of the bank’s stock valued at $322,000 after acquiring an additional 145 shares during the last quarter. Finally, Tobam increased its stake in shares of Toronto Dominion Bank by 44.5% in the second quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after acquiring an additional 151 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TD. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Down 1.5%

Shares of Toronto Dominion Bank stock opened at $95.64 on Friday. The firm has a 50-day simple moving average of $95.43 and a two-hundred day simple moving average of $86.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. The company has a market cap of $159.84 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.09 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. During the same period last year, the firm earned $2.02 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.81%.

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.