Toronto Dominion Bank (The) $TD Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,798 shares of the bank’s stock after purchasing an additional 23,600 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Toronto Dominion Bank were worth $23,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC purchased a new stake in shares of Toronto Dominion Bank during the first quarter valued at $568,000. Focus Partners Wealth grew its stake in Toronto Dominion Bank by 27.7% during the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Toronto Dominion Bank in the second quarter valued at about $259,000. US Bancorp DE increased its holdings in shares of Toronto Dominion Bank by 8.0% in the second quarter. US Bancorp DE now owns 21,241 shares of the bank’s stock valued at $1,560,000 after purchasing an additional 1,575 shares during the period. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Toronto Dominion Bank by 7.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,035 shares of the bank’s stock worth $443,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TD shares. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

NYSE:TD opened at $97.33 on Thursday. 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 has a 50 day moving average price of $93.72 and a 200-day moving average price of $83.70. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.04. The firm has a market cap of $163.36 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly 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. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same quarter last year, the business earned $1.72 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is currently 37.25%.

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.