Intech Investment Management LLC Has $42.60 Million Position in Toronto Dominion Bank (The) $TD

Intech Investment Management LLC boosted its position in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 326.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 451,359 shares of the bank’s stock after purchasing an additional 345,563 shares during the quarter. Intech Investment Management LLC’s holdings in Toronto Dominion Bank were worth $42,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC acquired a new position in Toronto Dominion Bank in the 4th quarter worth about $236,000. Godfrey Financial Associates Inc. bought a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at about $59,000. Geode Capital Management LLC grew its position in shares of Toronto Dominion Bank by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 16,747,071 shares of the bank’s stock valued at $1,610,733,000 after buying an additional 968,122 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at about $63,000. Finally, Bleakley Financial Group LLC increased its stake in shares of Toronto Dominion Bank by 38.7% in the fourth quarter. Bleakley Financial Group LLC now owns 16,963 shares of the bank’s stock valued at $1,598,000 after buying an additional 4,735 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 1.0%

Shares of TD stock opened at $113.33 on Friday. The stock has a market cap of $187.70 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.25 and a beta of 0.71. The stock has a 50-day moving average of $102.85 and a 200-day moving average of $95.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $68.08 and a 1-year high of $113.51.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its 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 return on equity of 14.29% and a net margin of 17.52%.The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the prior year, the company earned $2.02 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts forecast that Toronto Dominion Bank will post 6.89 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is currently 34.36%.

Key Toronto Dominion Bank News

Here are the key news stories impacting Toronto Dominion Bank this week:

Analyst Upgrades and Downgrades

TD has been the subject of several recent research reports. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy”.

View Our Latest Report on TD

About Toronto Dominion Bank

(Free Report)

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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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