1,494,394 Shares in Toronto Dominion Bank (The) $TD Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,494,394 shares of the bank’s stock, valued at approximately $139,123,000. Toronto Dominion Bank makes up approximately 0.6% of SEB Asset Management AB’s portfolio, making the stock its 26th largest position.

A number of other large investors have also recently bought and sold shares of TD. Norges Bank purchased a new position in Toronto Dominion Bank during the fourth quarter worth $2,125,963,000. Auto Owners Insurance Co raised its holdings in shares of Toronto Dominion Bank by 9,320.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock worth $396,544,000 after acquiring an additional 3,923,347 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Toronto Dominion Bank by 41.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after acquiring an additional 3,496,645 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at $299,850,000. Finally, Massachusetts Financial Services Co. MA boosted its stake 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 valued at $1,432,854,000 after acquiring an additional 3,129,457 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $123.69 on Friday. The business’s 50-day moving average price is $116.01 and its 200 day moving average price is $103.81. 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 has a twelve month low of $72.21 and a twelve month high of $124.87. The company has a market capitalization of $203.95 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 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 during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The firm’s revenue was down 31.1% on a year-over-year basis. On average, research analysts predict that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is 49.14%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TD. Royal Bank Of Canada lifted their price objective 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. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. 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. Finally, 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. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.