State of Wisconsin Investment Board Makes New Investment in Toronto Dominion Bank (The) $TD

State of Wisconsin Investment Board acquired a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 634,563 shares of the bank’s stock, valued at approximately $59,885,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Toronto Dominion Bank by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock valued at $7,280,911,000 after acquiring an additional 765,107 shares during the period. TD Asset Management Inc raised its position in Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after purchasing an additional 246,999 shares during the last quarter. Norges Bank bought a new position in Toronto Dominion Bank during the 4th quarter valued at approximately $2,125,963,000. Canerector Inc. raised its position in Toronto Dominion Bank by 11,028.0% during 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. Finally, Bank of Nova Scotia raised its position in Toronto Dominion Bank by 6.8% during the 4th quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after purchasing an additional 1,234,510 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the subject of a number of recent analyst reports. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Royal Bank Of Canada upped their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Up 0.8%

Shares of NYSE:TD opened at $118.24 on Wednesday. Toronto Dominion Bank has a 52-week low of $70.50 and a 52-week high of $118.60. The firm has a market capitalization of $195.39 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.30 and a beta of 0.72. The stock has a 50 day moving average price of $108.33 and a 200-day moving average price of $98.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.

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

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is currently 48.52%.

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.