OMERS ADMINISTRATION Corp Trims Holdings in Toronto Dominion Bank (The) $TD

OMERS ADMINISTRATION Corp trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,857,367 shares of the bank’s stock after selling 207,266 shares during the quarter. Toronto Dominion Bank comprises approximately 1.2% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 20th biggest position. OMERS ADMINISTRATION Corp owned about 0.11% of Toronto Dominion Bank worth $175,283,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd grew its holdings in Toronto Dominion Bank by 112.8% during the 4th 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 purchased a new stake in Toronto Dominion Bank during the 4th quarter valued at approximately $34,000. Smartleaf Asset Management LLC grew its holdings in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after buying an additional 208 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TD shares. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company 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 company’s stock. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Down 0.0%

Shares of TD opened at $117.33 on Tuesday. The company has a market cap of $193.87 billion, a PE ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.72. The business has a fifty day moving average of $107.87 and a 200 day moving average of $98.67. Toronto Dominion Bank has a 52-week low of $70.50 and a 52-week high of $118.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.Toronto Dominion Bank’s revenue was down 31.1% on a year-over-year basis. During the same period last year, the company earned $1.97 earnings per share. On average, sell-side analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, July 10th. 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.