Toronto-Dominion Bank (TD) Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 48.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,331,758 shares of the bank’s stock after purchasing an additional 1,415,378 shares during the period. Renaissance Technologies LLC’s holdings in Toronto-Dominion Bank were worth $263,332,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Toronto-Dominion Bank by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 160,196 shares of the bank’s stock valued at $9,270,000 after buying an additional 3,819 shares during the period. Smith Asset Management Group LP lifted its holdings in shares of Toronto-Dominion Bank by 14.3% in the 2nd quarter. Smith Asset Management Group LP now owns 23,540 shares of the bank’s stock valued at $1,362,000 after buying an additional 2,940 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Toronto-Dominion Bank by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,393,491 shares of the bank’s stock valued at $80,627,000 after buying an additional 32,938 shares during the period. First Trust Advisors LP lifted its holdings in shares of Toronto-Dominion Bank by 1.0% in the 2nd quarter. First Trust Advisors LP now owns 380,315 shares of the bank’s stock valued at $22,005,000 after buying an additional 3,707 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of Toronto-Dominion Bank by 182.4% in the 2nd quarter. D.A. Davidson & CO. now owns 43,255 shares of the bank’s stock valued at $2,503,000 after buying an additional 27,939 shares during the period. 47.92% of the stock is owned by hedge funds and other institutional investors.

TD has been the subject of several analyst reports. Zacks Investment Research cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. TheStreet raised Toronto-Dominion Bank from a “c+” rating to a “b” rating in a report on Tuesday, September 4th. ValuEngine cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday, November 16th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.50.

NYSE TD opened at $52.75 on Thursday. The stock has a market capitalization of $99.38 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. Toronto-Dominion Bank has a twelve month low of $52.83 and a twelve month high of $62.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, November 29th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.40. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Toronto-Dominion Bank had a return on equity of 16.78% and a net margin of 21.27%. Toronto-Dominion Bank’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. As a group, equities research analysts expect that Toronto-Dominion Bank will post 5.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 10th will be issued a $0.509 dividend. The ex-dividend date is Wednesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 3.86%. Toronto-Dominion Bank’s payout ratio is 41.35%.

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Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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