Auto Owners Insurance Co Has $3.37 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Auto Owners Insurance Co decreased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,096 shares of the bank’s stock after selling 8,779 shares during the period. Auto Owners Insurance Co’s holdings in Toronto Dominion Bank were worth $3,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new stake in shares of Toronto Dominion Bank during the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the third quarter valued at approximately $30,000. Sachetta LLC bought a new position in Toronto Dominion Bank in the 3rd quarter worth approximately $33,000. Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank during the 2nd quarter worth $32,000. Finally, Toth Financial Advisory Corp acquired a new position in Toronto Dominion Bank during the 3rd quarter worth $40,000. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

NYSE TD opened at $96.03 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $160.50 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.08 and a beta of 0.66. The business has a 50 day simple moving average of $95.49 and a 200 day simple moving average of $87.56. Toronto Dominion Bank has a 52-week low of $54.87 and a 52-week high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter in the previous year, the firm posted $2.02 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is presently 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.