Russell Investments Group Ltd. Raises Stake in The Toronto-Dominion Bank (NYSE:TD)

Russell Investments Group Ltd. lifted its position in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 1,629,415 shares of the bank’s stock after purchasing an additional 80,779 shares during the period. Russell Investments Group Ltd.’s holdings in Toronto-Dominion Bank were worth $100,497,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. acquired a new position in Toronto-Dominion Bank during the 1st quarter worth approximately $26,000. Financial Management Professionals Inc. lifted its position in Toronto-Dominion Bank by 75.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock worth $25,000 after acquiring an additional 175 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Finally, Pinebridge Investments L.P. raised its position in shares of Toronto-Dominion Bank by 52.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 541 shares of the bank’s stock valued at $46,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Canaccord Genuity Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their target price for the company from C$95.00 to C$103.00 in a research report on Monday, December 5th. Scotiabank cut their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday, December 20th. National Bank Financial cut their target price on Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday, November 18th. Finally, StockNews.com initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.00.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $66.65 on Monday. The company has a market cap of $121.43 billion, a P/E ratio of 9.11, a PEG ratio of 1.28 and a beta of 0.89. The stock has a fifty day moving average price of $65.76 and a 200 day moving average price of $64.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The Toronto-Dominion Bank has a 12 month low of $57.27 and a 12 month high of $86.01.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its quarterly earnings data on Thursday, December 1st. The bank reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The firm had revenue of $11.69 billion during the quarter. Toronto-Dominion Bank had a return on equity of 15.91% and a net margin of 23.48%. On average, research analysts forecast that The Toronto-Dominion Bank will post 6.65 earnings per share for the current 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 paid a dividend of $0.7081 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.83 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Thursday, January 5th. Toronto-Dominion Bank’s dividend payout ratio is presently 38.66%.

Toronto-Dominion Bank Profile

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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.

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

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