The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,834 shares of the bank’s stock after purchasing an additional 672 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Toronto-Dominion Bank were worth $3,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. lifted its position in shares of Toronto-Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after purchasing an additional 374 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $32,000. CoreCap Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after purchasing an additional 230 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Royal Bank of Canada lifted their target price on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research note on Friday, May 23rd. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $93.00.

Toronto-Dominion Bank Trading Up 0.0%

NYSE:TD opened at $70.80 on Monday. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $71.05. The firm has a market cap of $121.97 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $64.46 and its 200-day moving average is $59.56.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same quarter last year, the firm posted $2.04 earnings per share. Equities analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.28%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. Toronto-Dominion Bank’s payout ratio is 44.72%.

Toronto-Dominion Bank Company 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.