Toronto Dominion Bank (The) $TD Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,526 shares of the bank’s stock after buying an additional 167,736 shares during the period. Citigroup Inc. owned about 0.06% of Toronto Dominion Bank worth $74,821,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Toronto Dominion Bank by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after acquiring an additional 2,552,603 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Toronto Dominion Bank by 0.5% in the second quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after purchasing an additional 101,678 shares in the last quarter. Norges Bank purchased a new position in Toronto Dominion Bank in the second quarter valued at approximately $1,543,639,000. Geode Capital Management LLC raised its holdings in Toronto Dominion Bank by 20.1% during the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after purchasing an additional 2,366,324 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Toronto Dominion Bank by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after buying an additional 115,203 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $96.99 on Monday. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.04. The stock has a market capitalization of $162.09 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.29 and a beta of 0.67. The company has a 50-day simple moving average of $94.61 and a 200-day simple moving average of $84.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results 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. The firm had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. On average, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

Analysts Set New Price Targets

TD has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.