10,650 Shares in Toronto Dominion Bank (The) $TD Bought by Allianz SE

Allianz SE acquired a new stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,650 shares of the bank’s stock, valued at approximately $852,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. True Wealth Design LLC bought a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $27,000. Mather Group LLC. bought a new position in shares of Toronto Dominion Bank in the 3rd quarter worth $30,000. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank during the 2nd quarter valued at $32,000. Sachetta LLC acquired a new position in shares of Toronto Dominion Bank during the third quarter valued at about $33,000. Finally, Tobam lifted its position in 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 acquiring an additional 151 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank News Summary

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Trading Down 1.5%

Shares of TD opened at $97.31 on Friday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. The business has a 50-day moving average of $95.09 and a 200 day moving average of $85.63. The firm has a market cap of $162.63 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. 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:TDGet Free Report) (TSE:TD) last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.28%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business earned $2.02 earnings per share. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s payout ratio is currently 34.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TD shares. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average target price of $93.00.

View Our Latest Analysis on Toronto Dominion Bank

Toronto Dominion Bank Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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