Osaic Holdings Inc. Increases Stock Position in Toronto Dominion Bank (The) $TD

Osaic Holdings Inc. raised its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,190 shares of the bank’s stock after buying an additional 7,282 shares during the period. Osaic Holdings Inc.’s holdings in Toronto Dominion Bank were worth $3,095,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Toronto Dominion Bank by 16.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 49,509 shares of the bank’s stock worth $2,968,000 after purchasing an additional 6,968 shares during the period. State of Wyoming increased its position in shares of Toronto Dominion Bank by 1,357.2% in the first quarter. State of Wyoming now owns 32,540 shares of the bank’s stock valued at $1,950,000 after buying an additional 30,307 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Toronto Dominion Bank by 81.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after buying an additional 4,729,657 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Toronto Dominion Bank by 17.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock valued at $825,440,000 after buying an additional 2,057,784 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Toronto Dominion Bank by 2.4% during the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock valued at $533,000 after buying an additional 211 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TD shares. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Up 0.1%

TD opened at $94.61 on Friday. The firm has a market capitalization of $159.84 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. The company’s 50 day simple moving average is $85.19 and its two-hundred day simple moving average is $78.64. Toronto Dominion Bank has a 1-year low of $52.63 and a 1-year high of $94.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is presently 35.82%.

About Toronto Dominion Bank

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.