Toronto Dominion Bank (The) $TD Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 6,973,169 shares of the bank’s stock after buying an additional 22,331 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Toronto Dominion Bank were worth $557,502,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of Toronto Dominion Bank during the third quarter worth $27,000. Mather Group LLC. purchased a new stake in Toronto Dominion Bank during the 3rd quarter worth $30,000. Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank in the 2nd quarter worth $32,000. Sachetta LLC purchased a new position in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. Finally, Tobam boosted its position in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

TD stock opened at $98.70 on Thursday. The stock’s 50 day simple moving average is $95.36 and its 200 day simple moving average is $86.13. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84. The firm has a market cap of $164.96 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.11 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TD shares. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

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.