Toronto Dominion Bank (The) $TD Stock Holdings Increased by Keybank National Association OH

Keybank National Association OH increased its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 77.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,425 shares of the bank’s stock after buying an additional 6,745 shares during the quarter. Keybank National Association OH’s holdings in Toronto Dominion Bank were worth $1,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TD. Bayban bought a new stake in shares of Toronto Dominion Bank in the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd boosted its stake in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new position in Toronto Dominion Bank during the fourth quarter valued at about $34,000. Brown Lisle Cummings Inc. grew its holdings in Toronto Dominion Bank by 88.4% during the first quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TD shares. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 11th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. One 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. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Stock Up 0.1%

NYSE:TD traded up $0.18 during trading hours on Tuesday, hitting $120.82. 159,007 shares of the stock traded hands, compared to its average volume of 2,385,129. The firm has a 50 day moving average price of $112.94 and a 200 day moving average price of $101.87. The firm has a market cap of $199.64 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.33 and a beta of 0.71. Toronto Dominion Bank has a fifty-two week low of $72.21 and a fifty-two week high of $122.65. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping 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 business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the firm posted $1.97 earnings per share. Toronto Dominion Bank’s revenue was down 31.1% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is 48.52%.

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.