Toronto Dominion Bank (The) $TD Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 278,103 shares of the bank’s stock after acquiring an additional 16,991 shares during the period. Swiss Life Asset Management Ltd’s holdings in Toronto Dominion Bank were worth $26,209,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Main Line Retirement Advisors LLC grew its stake in shares of Toronto Dominion Bank by 0.9% in the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after buying an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after buying an additional 118 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of Toronto Dominion Bank by 12.4% in the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after buying an additional 122 shares in the last quarter. Commons Capital LLC grew its stake in shares of Toronto Dominion Bank by 0.7% in the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after buying an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after buying an additional 134 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Down 0.3%

TD opened at $107.11 on Tuesday. Toronto Dominion Bank has a 12 month low of $63.11 and a 12 month high of $109.22. The stock has a market capitalization of $177.40 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $99.27 and a 200 day moving average price of $93.31.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.Toronto Dominion Bank’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.02 EPS. Sell-side analysts expect that Toronto Dominion Bank will post 6.9 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.25%.

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.