Dimensional Fund Advisors LP Acquires 589,316 Shares of Toronto Dominion Bank (The) $TD

Dimensional Fund Advisors LP boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.4% in the first quarter, Holdings Channel reports. The institutional investor owned 7,565,982 shares of the bank’s stock after acquiring an additional 589,316 shares during the period. Dimensional Fund Advisors LP’s holdings in Toronto Dominion Bank were worth $705,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hillsdale Investment Management Inc. boosted its position in Toronto Dominion Bank by 3.0% during the first quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock valued at $112,185,000 after purchasing an additional 34,921 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Toronto Dominion Bank by 433.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock worth $1,528,000 after purchasing an additional 13,179 shares in the last quarter. Alberta Investment Management Corp bought a new position in Toronto Dominion Bank in the fourth quarter worth about $299,850,000. JCIC Asset Management Inc. lifted its position in shares of Toronto Dominion Bank by 891.5% during the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock valued at $8,035,000 after buying an additional 76,650 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the second quarter valued at about $259,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $123.69 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day moving average of $116.01 and a two-hundred day moving average of $103.87. The stock has a market cap of $203.95 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.38 and a beta of 0.71. Toronto Dominion Bank has a one year low of $72.21 and a one year high of $124.87.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the company earned $1.97 earnings per share. The company’s revenue was down 31.1% on a year-over-year basis. As a group, research analysts predict that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio is currently 49.14%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TD shares. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada raised their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $156.00.

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.