62,530 Shares in Toronto Dominion Bank (The) $TD Bought by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, HoldingsChannel reports. The fund purchased 62,530 shares of the bank’s stock, valued at approximately $7,556,000.

Several other hedge funds also recently added to or reduced their stakes in TD. Norges Bank acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth about $2,125,963,000. Auto Owners Insurance Co grew its stake in Toronto Dominion Bank by 9,320.0% during the 4th quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock valued at $396,544,000 after purchasing an additional 3,923,347 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Toronto Dominion Bank by 41.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock worth $1,121,660,000 after acquiring an additional 3,496,645 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at approximately $299,850,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at about $202,900,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Down 0.0%

TD opened at $124.36 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $120.05 and its two-hundred day moving average price is $107.60. Toronto Dominion Bank has a fifty-two week low of $72.73 and a fifty-two week high of $124.87. The company has a market capitalization of $204.54 billion, a P/E ratio of 19.40, a P/E/G ratio of 1.38 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 earnings per share. On average, analysts anticipate that Toronto Dominion Bank will post 6.9 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, July 10th. Toronto Dominion Bank’s payout ratio is presently 49.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price objective 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, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.