Achmea Investment Management B.V. Has $47.47 Million Holdings in Toronto Dominion Bank (The) $TD

Achmea Investment Management B.V. boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 593,498 shares of the bank’s stock after buying an additional 45,452 shares during the quarter. Achmea Investment Management B.V.’s holdings in Toronto Dominion Bank were worth $47,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TD. True Wealth Design LLC acquired a new position in shares of Toronto Dominion Bank in the 3rd quarter worth approximately $27,000. Mather Group LLC. bought a new position in Toronto Dominion Bank during the third quarter worth about $30,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at $32,000. Sachetta LLC bought a new stake in Toronto Dominion Bank during the 3rd quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC increased its holdings in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TD shares. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $96.03 on Wednesday. The stock’s 50 day moving average is $95.49 and its 200 day moving average is $87.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.84. The firm has a market cap of $160.50 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.08 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the prior year, the company posted $2.02 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

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.