Toronto Dominion Bank (The) $TD Shares Bought by Keybank National Association OH

Keybank National Association OH raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 77.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,425 shares of the bank’s stock after purchasing an additional 6,745 shares during the period. Keybank National Association OH’s holdings in Toronto Dominion Bank were worth $1,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smithbridge Asset Management Inc. DE bought a new stake in Toronto Dominion Bank in the first quarter valued at about $294,000. Essex Financial Services Inc. lifted its holdings in Toronto Dominion Bank by 2.3% during the 1st quarter. Essex Financial Services Inc. now owns 8,254 shares of the bank’s stock worth $770,000 after buying an additional 183 shares during the last quarter. USS Investment Management Ltd lifted its holdings in Toronto Dominion Bank by 1.1% during the 1st quarter. USS Investment Management Ltd now owns 280,408 shares of the bank’s stock worth $26,183,000 after buying an additional 3,092 shares during the last quarter. MQS Management LLC acquired a new position in shares of Toronto Dominion Bank in the 1st quarter worth approximately $489,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Toronto Dominion Bank in the 1st quarter worth approximately $212,000. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. 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. Finally, Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Performance

TD traded up $0.18 during trading on Tuesday, reaching $120.82. 159,007 shares of the company were exchanged, compared to its average volume of 2,385,129. Toronto Dominion Bank has a 52 week low of $72.21 and a 52 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. The firm has a 50 day moving average of $112.94 and a 200 day moving average of $101.87. The stock has a market cap of $199.64 billion, a P/E ratio of 18.84, a PEG ratio of 1.33 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The company had revenue of $11.80 billion for 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 quarterly revenue was down 31.1% compared to the same quarter last year. During the same period last year, the business posted $1.97 earnings per share. On average, sell-side analysts forecast that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid 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 of this dividend is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 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.