PBU The Pension Fund of Early Childhood & Youth Educators Invests $15.76 Million in Toronto Dominion Bank (The) $TD

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 167,004 shares of the bank’s stock, valued at approximately $15,760,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TD. Harvest Fund Management Co. Ltd increased its stake in shares of Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter worth $34,000. Smartleaf Asset Management LLC increased its stake in shares of Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after purchasing an additional 274 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after purchasing an additional 208 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TD shares. 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. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $113.26 on Friday. The stock has a market capitalization of $187.15 billion, a PE ratio of 17.67, a P/E/G ratio of 1.26 and a beta of 0.72. The business has a 50 day simple moving average of $105.17 and a two-hundred day simple moving average of $97.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Toronto Dominion Bank has a 1-year low of $69.86 and a 1-year high of $114.56.

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

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a yield of 4.0%. Toronto Dominion Bank’s payout ratio is currently 48.52%.

Toronto Dominion Bank Company 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.