Allianz Asset Management GmbH Raises Stake in Toronto Dominion Bank (The) $TD

Allianz Asset Management GmbH grew its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,557 shares of the bank’s stock after acquiring an additional 6,798 shares during the quarter. Allianz Asset Management GmbH’s holdings in Toronto Dominion Bank were worth $7,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HBK Sorce Advisory LLC raised its stake in Toronto Dominion Bank by 5.0% during the third quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock worth $238,000 after purchasing an additional 141 shares during the period. Tobam grew its stake in shares of Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the period. PDS Planning Inc increased its holdings in shares of Toronto Dominion Bank by 2.2% during the 3rd quarter. PDS Planning Inc now owns 7,808 shares of the bank’s stock worth $624,000 after buying an additional 169 shares during the last quarter. Cardinal Capital Management Inc. raised its position in shares of Toronto Dominion Bank by 1.2% during the 3rd quarter. Cardinal Capital Management Inc. now owns 17,520 shares of the bank’s stock valued at $1,402,000 after buying an additional 200 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Toronto Dominion Bank by 15.8% in the third quarter. Private Trust Co. NA now owns 1,471 shares of the bank’s stock valued at $118,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 1.6%

NYSE TD opened at $98.24 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $164.88 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.35 and a beta of 0.67. The firm has a 50 day simple moving average of $93.18 and a 200-day simple moving average of $83.44. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $98.36.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share (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 business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period last year, the firm earned $1.72 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were given a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

Analyst Ratings Changes

TD has been the subject of several recent analyst reports. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Profile

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.