Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,732 shares of the bank’s stock after purchasing an additional 11,800 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Toronto-Dominion Bank were worth $6,313,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in TD. KCS Wealth Advisory purchased a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $38,000. North Star Investment Management Corp. purchased a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $49,000. BlackRock Inc. grew its position in Toronto-Dominion Bank by 19.5% during the 2nd quarter. BlackRock Inc. now owns 1,386 shares of the bank’s stock worth $81,000 after purchasing an additional 226 shares during the last quarter. Finally, Bartlett & Co. LLC purchased a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $85,000. 47.29% of the stock is currently owned by institutional investors.
TD has been the topic of several research analyst reports. ValuEngine raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Friday, January 10th. CSFB downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $74.00 in a report on Monday, October 28th. CIBC downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Thursday, November 21st. Finally, Citigroup downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a report on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $78.08.
Shares of TD stock traded up $0.04 during trading hours on Friday, hitting $56.74. The company’s stock had a trading volume of 1,121,310 shares, compared to its average volume of 1,121,680. The company has a 50 day moving average of $56.26 and a 200 day moving average of $56.76. The stock has a market cap of $103.22 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. Toronto-Dominion Bank has a 12-month low of $52.84 and a 12-month high of $59.55.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 5th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.28. Toronto-Dominion Bank had a net margin of 19.76% and a return on equity of 15.69%. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $10.08 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Toronto-Dominion Bank will post 5.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.5605 per share. The ex-dividend date is Thursday, January 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 3.95%. Toronto-Dominion Bank’s dividend payout ratio is 45.33%.
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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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