Rockefeller Capital Management L.P. Grows Stake in Toronto Dominion Bank (The) $TD

Rockefeller Capital Management L.P. increased its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,384 shares of the bank’s stock after acquiring an additional 4,345 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Toronto Dominion Bank were worth $2,391,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $568,000. Focus Partners Wealth increased its position in shares of Toronto Dominion Bank by 27.7% in the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after purchasing an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $259,000. Cresset Asset Management LLC purchased a new stake in Toronto Dominion Bank in the second quarter valued at approximately $211,000. Finally, NewEdge Advisors LLC raised its stake in Toronto Dominion Bank by 25.3% in the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after purchasing an additional 1,622 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD opened at $120.38 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $111.73 and its 200 day simple moving average is $101.06. The firm has a market cap of $198.91 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.33 and a beta of 0.72. Toronto Dominion Bank has a 1 year low of $72.21 and a 1 year high of $120.98.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm posted $1.97 earnings per share. The company’s quarterly revenue was down 31.1% compared to the same quarter last year. As a group, analysts predict that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed 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 is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is 50.55%.

Analyst Ratings Changes

TD has been the subject of a number of research reports. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

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.