OMERS ADMINISTRATION Corp Sells 207,266 Shares of Toronto Dominion Bank (The) $TD

OMERS ADMINISTRATION Corp trimmed its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,857,367 shares of the bank’s stock after selling 207,266 shares during the quarter. Toronto Dominion Bank accounts for 1.2% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 20th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Toronto Dominion Bank were worth $175,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TD. Norges Bank bought a new stake in shares of Toronto Dominion Bank during the fourth quarter worth $2,125,963,000. Canerector Inc. lifted its position in shares of Toronto Dominion Bank by 11,028.0% during the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after purchasing an additional 22,056,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted 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 purchasing an additional 3,496,645 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Toronto Dominion Bank by 25.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock worth $1,432,854,000 after purchasing an additional 3,129,457 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Toronto Dominion Bank by 5,566.3% during the third quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock worth $196,028,000 after purchasing an additional 2,408,334 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $117.33 on Tuesday. The business’s 50-day moving average is $107.87 and its two-hundred day moving average is $98.67. Toronto Dominion Bank has a 1 year low of $70.50 and a 1 year high of $118.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $193.87 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.8%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TD. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. Royal Bank Of Canada lifted their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average 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.