PNC Financial Services Group Inc. Has $3.29 Million Holdings in Toronto Dominion Bank (The) $TD

PNC Financial Services Group Inc. raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 19.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,187 shares of the bank’s stock after acquiring an additional 6,803 shares during the period. PNC Financial Services Group Inc.’s holdings in Toronto Dominion Bank were worth $3,293,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in Toronto Dominion Bank by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 184,051 shares of the bank’s stock valued at $14,715,000 after purchasing an additional 544 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Toronto Dominion Bank by 3.2% during the third quarter. Cidel Asset Management Inc. now owns 566,193 shares of the bank’s stock worth $45,282,000 after purchasing an additional 17,478 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto Dominion Bank during the third quarter worth $48,000. Omnia Family Wealth LLC acquired a new stake in shares of Toronto Dominion Bank in the third quarter valued at $200,000. Finally, Tacita Capital Inc raised its holdings in shares of Toronto Dominion Bank by 10.7% in the third quarter. Tacita Capital Inc now owns 45,798 shares of the bank’s stock valued at $3,664,000 after buying an additional 4,440 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 1.2%

Shares of NYSE TD opened at $96.99 on Friday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04. The firm has a market capitalization of $162.09 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $94.61 and its 200 day simple moving average is $84.73.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. On average, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a $1.08 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 37.37%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.