Legal & General Group Plc Purchases 277,031 Shares of Toronto Dominion Bank (The) $TD

Legal & General Group Plc boosted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,729,219 shares of the bank’s stock after purchasing an additional 277,031 shares during the period. Legal & General Group Plc’s holdings in Toronto Dominion Bank were worth $778,117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth approximately $27,000. Mather Group LLC. bought a new position in Toronto Dominion Bank in the third quarter valued at approximately $30,000. Sachetta LLC acquired a new position in Toronto Dominion Bank during the third quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank during the second quarter worth $32,000. Finally, Tobam boosted its holdings in shares of 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 purchasing an additional 151 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $95.34 on Tuesday. The firm has a market capitalization of $159.34 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.09 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. The business’s 50-day moving average price is $95.45 and its 200-day moving average price is $86.70. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.84.

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

Toronto Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio 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.