Toronto Dominion Bank (The) $TD Stake Raised by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. grew its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 85.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,926 shares of the bank’s stock after purchasing an additional 111,243 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Toronto Dominion Bank were worth $19,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Toronto Dominion Bank during the second quarter valued at approximately $1,543,639,000. Picton Mahoney Asset Management bought a new position in shares of Toronto Dominion Bank in the second quarter valued at $267,475,000. Vanguard Group Inc. lifted its position in shares of Toronto Dominion Bank by 3.4% during the 2nd 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 during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Toronto Dominion Bank by 1,477.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock valued at $195,749,000 after acquiring an additional 2,497,700 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Toronto Dominion Bank by 20.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after acquiring an additional 2,366,324 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Sunday. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. 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, National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.7%

Shares of NYSE:TD opened at $95.15 on Wednesday. The firm has a fifty day moving average of $94.76 and a two-hundred day moving average of $85.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.04. The firm has a market capitalization of $159.02 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The business had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same period last year, the company earned $1.72 earnings per share. Toronto Dominion Bank’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is 37.25%.

About Toronto Dominion Bank

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.