Hsbc Holdings PLC Acquires 34,499 Shares of Toronto Dominion Bank (The) $TD

Hsbc Holdings PLC lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 54.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 97,998 shares of the bank’s stock after acquiring an additional 34,499 shares during the quarter. Hsbc Holdings PLC’s holdings in Toronto Dominion Bank were worth $9,119,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Main Line Retirement Advisors LLC raised its stake in Toronto Dominion Bank by 0.8% in the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after buying an additional 102 shares in the last quarter. Richardson Financial Services Inc. boosted its position in Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after acquiring an additional 122 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Toronto Dominion Bank by 4.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after acquiring an additional 134 shares during the period. Fiduciary Financial Group LLC raised its position in shares of Toronto Dominion Bank by 4.9% in the 4th quarter. Fiduciary Financial Group LLC now owns 3,000 shares of the bank’s stock worth $283,000 after acquiring an additional 141 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. Moors & Cabot Inc. now owns 25,137 shares of the bank’s stock worth $2,010,000 after purchasing an additional 167 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $121.23 on Thursday. The firm has a market capitalization of $199.40 billion, a P/E ratio of 18.91, a PEG ratio of 1.34 and a beta of 0.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $116.82 and a 200 day moving average price of $104.43. Toronto Dominion Bank has a 52 week low of $72.21 and a 52 week high of $124.87.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping 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 company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm earned $1.97 EPS. Toronto Dominion Bank’s revenue was down 31.1% compared to the same quarter last year. Sell-side analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s payout ratio is presently 49.14%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. One investment 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank 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.