Toronto Dominion Bank (The) $TD Stake Lowered by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,583,057 shares of the bank’s stock after selling 255,110 shares during the period. Toronto Dominion Bank accounts for 6.8% of Mufg Securities Canada LTD.’s holdings, making the stock its 4th biggest position. Mufg Securities Canada LTD.’s holdings in Toronto Dominion Bank were worth $243,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TD. Norges Bank purchased a new position in shares of Toronto Dominion Bank during the 4th quarter valued at $2,125,963,000. Canerector Inc. lifted its stake 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 valued at $1,779,367,000 after purchasing an additional 22,056,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after purchasing an additional 3,496,645 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Toronto Dominion Bank by 25.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after purchasing an additional 3,129,457 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its stake in shares of Toronto Dominion Bank by 5,566.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after purchasing an additional 2,408,334 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TD shares. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned 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 target price of $156.00.

Toronto Dominion Bank Stock Down 0.0%

Toronto Dominion Bank stock opened at $117.32 on Monday. The firm has a market cap of $193.87 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Toronto Dominion Bank has a fifty-two week low of $70.09 and a fifty-two week high of $117.95. The firm has a fifty day moving average price of $107.43 and a two-hundred day moving average price of $98.43.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business’s revenue was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.97 EPS. As a group, analysts forecast that Toronto Dominion Bank will post 6.92 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 48.52%.

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.