Two Sigma Advisers LP trimmed its holdings in Toronto–Dominion Bank (NYSE:TD) (TSE:TD) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 808,839 shares of the bank’s stock after selling 73,145 shares during the quarter. Two Sigma Advisers LP’s holdings in Toronto–Dominion Bank were worth $47,433,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Mackenzie Financial Corp increased its stake in Toronto–Dominion Bank by 166.9% in the 4th quarter. Mackenzie Financial Corp now owns 21,264,327 shares of the bank’s stock valued at $1,245,664,000 after buying an additional 13,296,812 shares during the period. Great West Life Assurance Co. Can increased its stake in Toronto–Dominion Bank by 9.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock valued at $1,016,362,000 after buying an additional 1,496,114 shares during the period. The Manufacturers Life Insurance Company increased its stake in Toronto–Dominion Bank by 27.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock valued at $952,623,000 after buying an additional 3,527,079 shares during the period. CIBC Asset Management Inc increased its stake in Toronto–Dominion Bank by 32.0% in the 4th quarter. CIBC Asset Management Inc now owns 15,197,616 shares of the bank’s stock valued at $894,188,000 after buying an additional 3,687,174 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Toronto–Dominion Bank by 4.2% in the 4th quarter. Acadian Asset Management LLC now owns 8,659,749 shares of the bank’s stock valued at $509,037,000 after buying an additional 350,373 shares during the period. 48.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:TD traded down $0.78 on Friday, reaching $55.87. 1,530,305 shares of the company were exchanged, compared to its average volume of 1,398,229. Toronto–Dominion Bank has a 1-year low of $45.18 and a 1-year high of $61.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The stock has a market cap of $104,529.17, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.12 and a beta of 0.94.
Toronto–Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 EPS for the quarter, topping the consensus estimate of $1.17 by $0.06. Toronto–Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts anticipate that Toronto–Dominion Bank will post 4.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 10th will be given a $0.522 dividend. The ex-dividend date is Monday, April 9th. This is a positive change from Toronto–Dominion Bank’s previous quarterly dividend of $0.47. This represents a $2.09 annualized dividend and a dividend yield of 3.74%. Toronto–Dominion Bank’s payout ratio is currently 45.99%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Thursday, February 15th. ValuEngine cut shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Desjardins raised shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Bank of America upped their price target on shares of Toronto–Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, CIBC raised shares of Toronto–Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Toronto–Dominion Bank presently has a consensus rating of “Buy” and an average target price of $77.20.
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Toronto–Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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