Natixis Advisors L.P. Grows Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Natixis Advisors L.P. raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 25.6% during the fourth quarter, HoldingsChannel reports. The fund owned 131,214 shares of the bank’s stock after acquiring an additional 26,713 shares during the quarter. Natixis Advisors L.P.’s holdings in Toronto-Dominion Bank were worth $8,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 last quarter. CIBC Asset Management Inc grew its stake 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 last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 during the period. Toronto Dominion Bank lifted its stake in shares of Toronto-Dominion Bank by 0.9% during the 3rd quarter. Toronto Dominion Bank now owns 14,630,614 shares of the bank’s stock worth $881,641,000 after acquiring an additional 126,116 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings 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 during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $56.01 on Thursday. The firm has a market cap of $98.75 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.71 and a beta of 0.84. The Toronto-Dominion Bank has a 52-week low of $54.12 and a 52-week 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’s 50 day moving average is $58.98 and its 200 day moving average is $60.00.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.77 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.37%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is presently 64.53%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating for the company. Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Finally, Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $89.33.

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.