Toronto Dominion Bank (The) $TD Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 725,955 shares of the bank’s stock after purchasing an additional 5,607 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toronto Dominion Bank were worth $68,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TD. Lorne Steinberg Wealth Management Inc. lifted its holdings in Toronto Dominion Bank by 1.0% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 155,697 shares of the bank’s stock valued at $14,695,000 after purchasing an additional 1,616 shares in the last quarter. Baskin Financial Services Inc. raised its position in shares of Toronto Dominion Bank by 12.6% in the fourth quarter. Baskin Financial Services Inc. now owns 7,737 shares of the bank’s stock valued at $729,000 after buying an additional 867 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Toronto Dominion Bank by 9.9% in the fourth quarter. Merit Financial Group LLC now owns 4,297 shares of the bank’s stock valued at $405,000 after buying an additional 388 shares during the last quarter. CWM LLC lifted its stake in shares of Toronto Dominion Bank by 20.1% during the fourth quarter. CWM LLC now owns 6,175 shares of the bank’s stock valued at $582,000 after buying an additional 1,033 shares during the period. Finally, PFG Investments LLC purchased a new position in shares of Toronto Dominion Bank during the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 1.1%

Shares of TD stock opened at $106.48 on Tuesday. The firm’s 50-day simple moving average is $96.74 and its 200-day simple moving average is $90.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. Toronto Dominion Bank has a 1-year low of $60.47 and a 1-year high of $106.66. The firm has a market cap of $176.34 billion, a P/E ratio of 11.77, a PEG ratio of 1.20 and a beta of 0.65.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the previous year, the firm earned $2.02 earnings per share. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts forecast that Toronto Dominion Bank will post 6.87 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.1%. Toronto Dominion Bank’s payout ratio is currently 34.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TD shares. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.