Legacy Capital Partners Inc. increased its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,949 shares of the bank’s stock after acquiring an additional 300 shares during the period. Legacy Capital Partners Inc.’s holdings in Toronto-Dominion Bank were worth $222,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Toronto-Dominion Bank by 2.5% during the second quarter. Vanguard Group Inc. now owns 52,502,160 shares of the bank’s stock valued at $3,064,025,000 after buying an additional 1,293,179 shares during the period. Beutel Goodman & Co Ltd. boosted its position in Toronto-Dominion Bank by 99.5% during the second quarter. Beutel Goodman & Co Ltd. now owns 45,627,230 shares of the bank’s stock valued at $2,570,815,000 after buying an additional 22,761,407 shares during the period. CIBC Asset Management Inc boosted its position in Toronto-Dominion Bank by 0.4% during the third quarter. CIBC Asset Management Inc now owns 22,222,593 shares of the bank’s stock valued at $1,295,935,000 after buying an additional 81,769 shares during the period. Great West Life Assurance Co. Can boosted its position in Toronto-Dominion Bank by 0.3% during the third quarter. Great West Life Assurance Co. Can now owns 17,079,641 shares of the bank’s stock valued at $998,643,000 after buying an additional 53,722 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Toronto-Dominion Bank by 8.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,900,984 shares of the bank’s stock valued at $286,989,000 after acquiring an additional 366,663 shares during the last quarter. Institutional investors and hedge funds own 47.29% of the company’s stock.
Several brokerages have recently commented on TD. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. ValuEngine raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Desjardins reaffirmed a “buy” rating and set a $81.00 price objective on shares of Toronto-Dominion Bank in a research note on Friday, November 22nd. Canaccord Genuity lowered their price objective on shares of Toronto-Dominion Bank from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Finally, Citigroup downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $78.08.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released 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 company had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $10.08 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Toronto-Dominion Bank’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Toronto-Dominion Bank will post 5.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.5605 dividend. 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 4.02%. The ex-dividend date of this dividend is Thursday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 45.33%.
Toronto-Dominion Bank Company 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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