Natixis Advisors LLC Increases Stock Holdings in Toronto Dominion Bank (The) $TD

Natixis Advisors LLC boosted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1,329.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,283,296 shares of the bank’s stock after acquiring an additional 1,193,510 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Toronto Dominion Bank worth $120,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. CBIZ Investment Advisory Services LLC acquired a new stake in Toronto Dominion Bank during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC lifted its position in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares during the period. Cornerstone Planning Group LLC lifted its position in Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after acquiring an additional 274 shares during the period. Sound Income Strategies LLC lifted its position in Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after acquiring an additional 208 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Toronto Dominion Bank during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TD. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Weiss Ratings cut Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Royal Bank Of Canada lifted their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $113.16 on Wednesday. The stock has a market cap of $186.99 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.72. The business has a 50-day simple moving average of $103.58 and a 200-day simple moving average of $96.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $69.08 and a 52-week high of $114.26.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.97 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Toronto Dominion Bank 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.