Morningstar Investment Management LLC Buys Shares of 21,097 Toronto Dominion Bank (The) $TD

Morningstar Investment Management LLC bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,097 shares of the bank’s stock, valued at approximately $1,988,000.

A number of other institutional investors have also recently added to or reduced their stakes in TD. Smartleaf Asset Management LLC lifted its stake 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 buying an additional 456 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake 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 buying an additional 274 shares during the last quarter. Sound Income Strategies LLC lifted its stake 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 buying 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 $48,000. Finally, Entrust Financial LLC acquired a new stake in shares of Toronto Dominion Bank in the fourth quarter worth $55,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy”.

Toronto Dominion Bank Price Performance

NYSE:TD opened at $111.92 on Tuesday. The stock has a market cap of $185.37 billion, a P/E ratio of 12.37, a PEG ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a one year low of $66.53 and a one year high of $112.32. The company has a fifty day moving average price of $101.78 and a 200 day moving average price of $95.25. 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 (NYSE:TD) (TSE:TD) last released 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. The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 EPS. Analysts anticipate that Toronto Dominion Bank will post 6.89 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

About Toronto Dominion Bank

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.