Lincoln National Corp Acquires 261 Shares of The Toronto-Dominion Bank (NYSE:TD)

Lincoln National Corp boosted its holdings in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,226 shares of the bank’s stock after purchasing an additional 261 shares during the period. Lincoln National Corp’s holdings in Toronto-Dominion Bank were worth $1,731,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in shares of Toronto-Dominion Bank in the first quarter valued at about $26,000. BlackRock Inc. increased its position in shares of Toronto-Dominion Bank by 6.3% in the first quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock valued at $72,595,000 after acquiring an additional 54,121 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Toronto-Dominion Bank in the first quarter valued at about $200,000. Raymond James Trust N.A. increased its position in shares of Toronto-Dominion Bank by 1.7% in the first quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after acquiring an additional 161 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Toronto-Dominion Bank by 21.8% in the first quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock valued at $955,000 after acquiring an additional 2,154 shares during the period. 49.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TD shares. National Bank Financial reduced their price target on shares of Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday, November 18th. Canaccord Genuity Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Scotiabank reduced their price target on shares of Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday, December 20th. Credit Suisse Group boosted their price target on shares of Toronto-Dominion Bank from C$96.00 to C$98.00 in a research report on Friday, December 2nd. Finally, Canaccord Genuity Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$95.00 to C$103.00 in a report on Monday, December 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.00.

Toronto-Dominion Bank Trading Up 0.6 %

Shares of NYSE TD opened at $67.04 on Tuesday. The firm’s 50 day moving average price is $65.78 and its 200-day moving average price is $64.79. The company has a market cap of $122.14 billion, a PE ratio of 9.16, a P/E/G ratio of 1.28 and a beta of 0.89. The Toronto-Dominion Bank has a 52-week low of $57.27 and a 52-week high of $86.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its earnings results on Thursday, December 1st. The bank reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.14. The firm had revenue of $11.69 billion for the quarter. Toronto-Dominion Bank had a net margin of 23.48% and a return on equity of 15.91%. On average, equities research analysts expect that The Toronto-Dominion Bank will post 6.65 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $0.7081 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, January 5th. This represents a $2.83 dividend on an annualized basis and a yield of 4.22%. Toronto-Dominion Bank’s dividend payout ratio is 38.66%.

About Toronto-Dominion Bank

(Get Rating)

The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.

Recommended Stories

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

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.