Lansforsakringar Fondforvaltning AB publ Acquires 8,308 Shares of Toronto Dominion Bank (The) $TD

Lansforsakringar Fondforvaltning AB publ boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 390,695 shares of the bank’s stock after buying an additional 8,308 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Toronto Dominion Bank were worth $31,247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TD. Norges Bank purchased a new position in Toronto Dominion Bank during the second quarter valued at $1,543,639,000. Picton Mahoney Asset Management bought a new stake in Toronto Dominion Bank in the second quarter worth $267,475,000. Vanguard Group Inc. grew its stake 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 worth $5,677,291,000 after buying an additional 2,552,603 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Toronto Dominion Bank by 1,477.7% in the second quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock valued at $195,749,000 after acquiring an additional 2,497,700 shares during the period. Finally, Geode Capital Management LLC raised its stake 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 acquiring an additional 2,366,324 shares during the period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of a number of research analyst reports. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note 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 Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Price Performance

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 cap of $162.09 billion, a PE ratio of 11.50, a P/E/G ratio of 1.29 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. The stock has a 50 day moving average price of $94.61 and a 200 day moving average price of $84.89.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $1.72 EPS. Equities research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued 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 was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

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.