Daiwa Securities Group Inc. Acquires Shares of 9,500 The Toronto-Dominion Bank (NYSE:TD)

Daiwa Securities Group Inc. bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the fourth quarter, HoldingsChannel reports. The firm bought 9,500 shares of the bank’s stock, valued at approximately $614,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock valued at $4,361,876,000 after purchasing an additional 1,303,730 shares during the period. CIBC Asset Management Inc increased its position in shares of Toronto-Dominion Bank by 0.4% during the third quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock valued at $1,082,848,000 after buying an additional 76,129 shares during the period. The Manufacturers Life Insurance Company raised its stake in Toronto-Dominion Bank by 20.1% in the third quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after buying an additional 2,870,662 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Toronto-Dominion Bank by 0.9% in the third quarter. Toronto Dominion Bank now owns 14,630,614 shares of the bank’s stock worth $881,641,000 after buying an additional 126,116 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Toronto-Dominion Bank by 3.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,171,750 shares of the bank’s stock valued at $673,210,000 after acquiring an additional 342,932 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have 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 Wednesday, April 17th. Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Barclays assumed coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $59.11 on Friday. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $104.22 billion, a P/E ratio of 12.63, a PEG ratio of 1.81 and a beta of 0.86. The stock’s 50 day moving average is $59.36 and its 200 day moving average is $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.