Mirae Asset Global Investments Co. Ltd. Grows Holdings in The Toronto-Dominion Bank (NYSE:TD)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,228 shares of the bank’s stock after buying an additional 420 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Toronto-Dominion Bank were worth $3,123,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TD. National Bank of Canada FI boosted its stake in Toronto-Dominion Bank by 406.1% in the 4th quarter. National Bank of Canada FI now owns 26,796,674 shares of the bank’s stock worth $1,734,653,000 after purchasing an additional 21,501,478 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Toronto-Dominion Bank by 59.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,357,770 shares of the bank’s stock valued at $576,973,000 after acquiring an additional 3,493,369 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Toronto-Dominion Bank by 45.0% during the 3rd quarter. Toronto Dominion Bank now owns 11,007,320 shares of the bank’s stock valued at $675,016,000 after acquiring an additional 3,417,464 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Toronto-Dominion Bank by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 67,240,327 shares of the bank’s stock valued at $4,123,850,000 after acquiring an additional 2,238,912 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $88,554,000. Institutional investors own 49.22% of the company’s stock.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of recent analyst reports. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Friday, March 3rd. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$105.00 to C$106.00 in a report on Tuesday, February 7th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 20th. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a report on Monday, April 17th. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $100.57.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $59.68 on Thursday. The Toronto-Dominion Bank has a 12 month low of $55.43 and a 12 month high of $77.15. The stock has a market cap of $109.79 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.54 and a beta of 0.88. The company’s 50 day moving average is $59.98 and its two-hundred day moving average is $63.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last released its earnings results on Thursday, March 2nd. The bank reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.03. Toronto-Dominion Bank had a net margin of 18.23% and a return on equity of 16.02%. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.97 billion. As a group, research analysts anticipate that The Toronto-Dominion Bank will post 6.44 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a dividend of $0.721 per share. The ex-dividend date was Wednesday, April 5th. This represents a $2.88 annualized dividend and a dividend yield of 4.83%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.87%.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.