D. E. Shaw & Co. Inc. grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 183.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,021,188 shares of the bank’s stock after acquiring an additional 661,088 shares during the period. D. E. Shaw & Co. Inc. owned about 0.06% of The Toronto-Dominion Bank worth $66,626,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in TD. BlackRock Inc. lifted its position in shares of The Toronto-Dominion Bank by 309.8% during the 4th quarter. BlackRock Inc. now owns 3,127 shares of the bank’s stock valued at $176,000 after acquiring an additional 2,364 shares during the last quarter. FIL Ltd raised its stake in The Toronto-Dominion Bank by 13.0% during the 4th quarter. FIL Ltd now owns 35,744,963 shares of the bank’s stock valued at $2,019,622,000 after purchasing an additional 4,110,503 shares during the period. Baird Financial Group Inc. raised its stake in The Toronto-Dominion Bank by 10.3% during the 4th quarter. Baird Financial Group Inc. now owns 5,553 shares of the bank’s stock valued at $313,000 after purchasing an additional 519 shares during the period. LPL Financial LLC raised its stake in The Toronto-Dominion Bank by 6.0% during the 4th quarter. LPL Financial LLC now owns 51,102 shares of the bank’s stock valued at $2,883,000 after purchasing an additional 2,883 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new stake in The Toronto-Dominion Bank during the 4th quarter valued at $253,000. Institutional investors own 49.21% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of The Toronto-Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $77.40.
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Wednesday, May 26th. The bank reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.65. The Toronto-Dominion Bank had a net margin of 29.12% and a return on equity of 14.12%. The business had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.80 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The Toronto-Dominion Bank’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that The Toronto-Dominion Bank will post 6.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, July 31st. Stockholders of record on Friday, July 9th will be paid a $0.6521 dividend. The ex-dividend date of this dividend is Thursday, July 8th. This is an increase from The Toronto-Dominion Bank’s previous quarterly dividend of $0.63. This represents a $2.61 dividend on an annualized basis and a dividend yield of 3.96%. The Toronto-Dominion Bank’s dividend payout ratio is 30.33%.
About The Toronto-Dominion Bank
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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