Grantham Mayo Van Otterloo & Co. LLC Boosts Position in Toronto Dominion Bank (The) $TD

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 96.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,533,571 shares of the bank’s stock after buying an additional 752,848 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.09% of Toronto Dominion Bank worth $122,650,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Toronto Dominion Bank by 3.4% during the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after acquiring an additional 2,552,603 shares in the last quarter. TD Asset Management Inc raised its position in Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after purchasing an additional 246,999 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Toronto Dominion Bank by 0.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after buying an additional 101,678 shares during the period. Canerector Inc. lifted its holdings in shares of Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after buying an additional 22,056,000 shares during the period. Finally, Norges Bank bought a new position in shares of Toronto Dominion Bank during the 2nd quarter worth $1,543,639,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Down 1.5%

Toronto Dominion Bank stock opened at $95.64 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $159.84 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.09 and a beta of 0.66. The stock has a 50-day moving average of $95.43 and a two-hundred day moving average of $86.45. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.84.

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

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.81%.

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.