Mn Services Vermogensbeheer B.V. Grows Stock Holdings in Toronto Dominion Bank (The) $TD

Mn Services Vermogensbeheer B.V. lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491,290 shares of the bank’s stock after purchasing an additional 8,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toronto Dominion Bank were worth $57,904,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TD. Auto Owners Insurance Co lifted its holdings in Toronto Dominion Bank by 9,320.0% during the 4th quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock worth $396,544,000 after buying an additional 3,923,347 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Toronto Dominion Bank by 41.6% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock worth $1,121,660,000 after acquiring an additional 3,496,645 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Toronto Dominion Bank during the fourth quarter valued at $299,850,000. Bank of New York Mellon Corp bought a new position in Toronto Dominion Bank in the second quarter valued at about $202,900,000. Finally, SEB Asset Management AB acquired a new stake in Toronto Dominion Bank in the first quarter worth about $139,123,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TD. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, September 28th. Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating for the company. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Toronto Dominion Bank Stock Up 0.2%

NYSE:TD opened at $114.04 on Friday. Toronto Dominion Bank has a 1 year low of $77.95 and a 1 year high of $125.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a market cap of $187.58 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.13 and a beta of 0.75. The stock has a 50-day moving average price of $120.24 and a two-hundred day moving average price of $114.20.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The business had revenue of $12.07 billion for the quarter, compared to analysts’ expectations of $10.70 billion. During the same quarter in the previous year, the business posted $2.20 EPS. Toronto Dominion Bank’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Toronto Dominion Bank will post 7.04 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a dividend of C$1.12 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.9%. Toronto Dominion Bank’s dividend payout ratio is currently 46.81%.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.