Dimensional Fund Advisors LP Increases Stake in The Toronto-Dominion Bank (NYSE:TD)

Dimensional Fund Advisors LP raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,044,900 shares of the bank’s stock after acquiring an additional 130,801 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.12% of Toronto-Dominion Bank worth $132,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Bank of New Hampshire bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $32,000. Avior Wealth Management LLC increased its stake in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after buying an additional 286 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at about $50,000. Bfsg LLC purchased a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at about $57,000. Finally, Independence Bank of Kentucky bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $60,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TD shares. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $89.33.

View Our Latest Stock Analysis on Toronto-Dominion Bank

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $57.24 on Friday. The Toronto-Dominion Bank has a 52-week low of $54.12 and a 52-week high of $66.15. The company has a market cap of $100.72 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.80 and a beta of 0.84. The firm’s fifty day moving average is $58.46 and its 200 day moving average is $60.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.76 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. The ex-dividend date was Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is currently 64.53%.

Toronto-Dominion Bank Company Profile

(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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