Gulf International Bank UK Ltd grew its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 596,518 shares of the bank’s stock after acquiring an additional 14,300 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Toronto-Dominion Bank were worth $34,561,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at about $1,840,000. Nicola Wealth Management LTD. bought a new position in Toronto-Dominion Bank during the 1st quarter valued at about $25,121,000. Financial Gravity Wealth Inc. bought a new position in Toronto-Dominion Bank during the 1st quarter valued at about $191,000. CIBC World Markets Inc. grew its holdings in Toronto-Dominion Bank by 3.5% during the 1st quarter. CIBC World Markets Inc. now owns 36,182,005 shares of the bank’s stock valued at $2,056,947,000 after purchasing an additional 1,208,773 shares during the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in Toronto-Dominion Bank by 10.9% during the 1st quarter. Atlantic Trust Group LLC now owns 21,246 shares of the bank’s stock valued at $1,207,000 after purchasing an additional 2,080 shares during the last quarter. Hedge funds and other institutional investors own 48.61% of the company’s stock.
Toronto-Dominion Bank traded down $0.06, hitting $57.60, during mid-day trading on Thursday, Marketbeat reports. 89,114 shares of the stock traded hands, compared to its average volume of 992,972. The company has a market capitalization of $106.42 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.04 and a beta of 0.96. Toronto-Dominion Bank has a 52 week low of $49.91 and a 52 week high of $75.46. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 24th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $1.17 by $0.45. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $8.76 billion. Toronto-Dominion Bank had a net margin of 22.03% and a return on equity of 16.50%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 EPS. equities analysts forecast that Toronto-Dominion Bank will post 4.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be paid a $0.5239 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Monday, July 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 49.06%.
Several brokerages recently commented on TD. ValuEngine downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, May 4th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $79.00.
Toronto-Dominion Bank Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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