Envestnet Asset Management Inc. Has $29.55 Million Stock Position in Toronto Dominion Bank (The) $TD

Envestnet Asset Management Inc. increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 27.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 369,581 shares of the bank’s stock after purchasing an additional 80,092 shares during the period. Envestnet Asset Management Inc.’s holdings in Toronto Dominion Bank were worth $29,548,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Toronto Dominion Bank in the second quarter valued at approximately $1,543,639,000. Picton Mahoney Asset Management bought a new stake in Toronto Dominion Bank in the 2nd quarter valued at $267,475,000. Vanguard Group Inc. lifted its holdings in Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after purchasing an additional 2,552,603 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Toronto Dominion Bank by 1,477.7% during the second quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock worth $195,749,000 after purchasing an additional 2,497,700 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after purchasing an additional 2,366,324 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 1.7%

NYSE TD opened at $95.64 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $160.52 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.34 and a beta of 0.67. The company has a 50 day moving average of $93.92 and a 200-day moving average of $83.79. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

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

Analyst Ratings Changes

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

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.