Aviva PLC Purchases 75,352 Shares of Toronto Dominion Bank (The) $TD

Aviva PLC raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,467,456 shares of the bank’s stock after buying an additional 75,352 shares during the quarter. Aviva PLC’s holdings in Toronto Dominion Bank were worth $138,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TD. AQR Capital Management LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $568,000. Focus Partners Wealth lifted its position in shares of Toronto Dominion Bank by 27.7% during the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after buying an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank during the 2nd quarter valued at about $259,000. Cresset Asset Management LLC purchased a new position in shares of Toronto Dominion Bank during the 2nd quarter valued at about $211,000. Finally, NewEdge Advisors LLC lifted its position in shares of Toronto Dominion Bank by 25.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after buying an additional 1,622 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Up 1.6%

NYSE TD opened at $116.28 on Friday. The stock’s 50 day moving average is $106.98 and its 200 day moving average is $98.18. 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 12 month low of $70.09 and a 12 month high of $116.45. The stock has a market cap of $192.14 billion, a PE ratio of 18.14, a P/E/G ratio of 1.27 and a beta of 0.72.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the firm earned $1.97 EPS. The firm’s revenue was down 31.1% compared to the same quarter last year. 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 issued a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TD shares. Weiss Ratings cut Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Zacks Research cut 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 cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Raymond James Financial raised 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 assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.