DekaBank Deutsche Girozentrale Grows Position in Toronto-Dominion Bank (NYSE:TD)

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DekaBank Deutsche Girozentrale grew its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 32.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,702,289 shares of the bank’s stock after purchasing an additional 420,921 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Toronto-Dominion Bank were worth $98,976,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Monte Financial Group LLC increased its position in shares of Toronto-Dominion Bank by 101.8% during the 1st quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock valued at $2,811,000 after purchasing an additional 26,098 shares during the last quarter. Successful Portfolios LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at $205,000. Wright Investors Service Inc. increased its position in shares of Toronto-Dominion Bank by 4.1% during the 1st quarter. Wright Investors Service Inc. now owns 18,939 shares of the bank’s stock valued at $1,029,000 after purchasing an additional 746 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Toronto-Dominion Bank by 2.1% during the 1st quarter. Nordea Investment Management AB now owns 1,055,049 shares of the bank’s stock valued at $76,512,000 after purchasing an additional 21,630 shares during the last quarter. Finally, Welch & Forbes LLC grew its stake in shares of Toronto-Dominion Bank by 1.2% during the 2nd quarter. Welch & Forbes LLC now owns 364,181 shares of the bank’s stock worth $21,254,000 after acquiring an additional 4,482 shares during the period. 48.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TD opened at $56.33 on Wednesday. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00. The business has a 50-day moving average of $58.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The company has a market cap of $103.36 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.79 and a beta of 1.04.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.25 by $0.50. Toronto-Dominion Bank had a return on equity of 16.21% and a net margin of 20.24%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. During the same quarter last year, the company earned $1.62 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Toronto-Dominion Bank will post 5.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were paid a $0.5511 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.20 annualized dividend and a yield of 3.91%. Toronto-Dominion Bank’s dividend payout ratio is currently 44.93%.

Several research analysts have recently weighed in on the company. National Bank Financial downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 23rd. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Friday, August 9th. Barclays upgraded Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 price target for the company in a research note on Tuesday, June 11th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Toronto-Dominion Bank presently has an average rating of “Buy” and an average price target of $73.50.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

See Also: What is the balance sheet?

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

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