Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Toronto Dominion Bank (The) (NYSE:TD)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,489 shares of the bank’s stock after buying an additional 350 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Toronto Dominion Bank were worth $209,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after purchasing an additional 236 shares during the period. Financial Management Professionals Inc. raised its position in Toronto Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after purchasing an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Toronto Dominion Bank in the 1st quarter worth about $32,000. CoreCap Advisors LLC raised its position in Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after purchasing an additional 230 shares during the period. Finally, ORG Partners LLC purchased a new stake in Toronto Dominion Bank in the 1st quarter worth about $34,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $74.52 on Friday. The firm has a market cap of $127.81 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The firm’s 50 day simple moving average is $73.03 and its 200-day simple moving average is $65.27. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $75.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the company posted $2.04 earnings per share. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.7568 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto Dominion Bank’s payout ratio is 45.31%.

Analyst Ratings Changes

A number of analysts recently weighed in on TD shares. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a “sector perform” rating on the stock. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada raised their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Profile

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.