Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $117,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,946 shares of the bank’s stock after selling 242 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Toronto-Dominion Bank were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TD. V Square Quantitative Management LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth about $25,000. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at about $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $26,000. Finally, Bray Capital Advisors boosted its position in shares of Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. 51.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TD. Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research note on Monday, December 18th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. CIBC cut Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of $93.00.

Check Out Our Latest Research Report on Toronto-Dominion Bank

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $59.25 on Thursday. The stock has a 50 day moving average of $61.66 and a 200 day moving average of $61.01. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $70.67. The firm has a market cap of $105.16 billion, a PE ratio of 14.28, a PEG ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly earnings data on Thursday, November 30th. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $9.02 billion. Toronto-Dominion Bank had a net margin of 10.65% and a return on equity of 14.68%. Toronto-Dominion Bank’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. On average, research analysts expect that The Toronto-Dominion Bank will post 5.88 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $0.7506 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.07%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 68.19%.

About Toronto-Dominion Bank

(Free Report)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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