Toronto Dominion Bank (The) $TD Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 221.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,128 shares of the bank’s stock after acquiring an additional 89,006 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Toronto Dominion Bank were worth $12,164,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TD. Smartleaf Asset Management LLC boosted its position in shares of Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after acquiring an additional 208 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto Dominion Bank in the third quarter worth approximately $48,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Toronto Dominion Bank by 232.6% in the third quarter. Sunbelt Securities Inc. now owns 715 shares of the bank’s stock worth $57,000 after acquiring an additional 500 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the topic of several research analyst reports. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 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, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Up 1.4%

NYSE TD opened at $111.14 on Friday. Toronto Dominion Bank has a one year low of $65.11 and a one year high of $111.17. The company’s 50 day moving average price is $101.10 and its 200 day moving average price is $94.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $184.07 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.23 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter last year, the firm posted $2.02 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, sell-side analysts predict that Toronto Dominion Bank will post 6.89 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 34.36%.

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.