O Shaughnessy Asset Management LLC Purchases 407,604 Shares of The Toronto-Dominion Bank (NYSE:TD)

O Shaughnessy Asset Management LLC raised its stake in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 711.3% during the fourth quarter, HoldingsChannel reports. The firm owned 464,909 shares of the bank’s stock after purchasing an additional 407,604 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Toronto-Dominion Bank were worth $35,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Toronto-Dominion Bank by 1.4% in the third quarter. BlackRock Inc. now owns 812,683 shares of the bank’s stock worth $53,759,000 after acquiring an additional 11,252 shares during the period. Allianz Asset Management GmbH raised its position in shares of Toronto-Dominion Bank by 51.2% in the third quarter. Allianz Asset Management GmbH now owns 561,943 shares of the bank’s stock valued at $37,193,000 after buying an additional 190,276 shares during the last quarter. US Bancorp DE raised its position in shares of Toronto-Dominion Bank by 0.9% in the third quarter. US Bancorp DE now owns 20,904 shares of the bank’s stock valued at $1,382,000 after buying an additional 196 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Toronto-Dominion Bank by 29.6% in the third quarter. Mercer Global Advisors Inc. ADV now owns 4,196 shares of the bank’s stock valued at $278,000 after buying an additional 958 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $4,691,000. Institutional investors and hedge funds own 50.00% of the company’s stock.

Shares of NYSE TD traded down $0.11 during trading on Thursday, hitting $71.65. 1,858,097 shares of the company were exchanged, compared to its average volume of 2,533,972. The company has a market cap of $129.36 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.39 and a beta of 0.96. The Toronto-Dominion Bank has a 1 year low of $62.81 and a 1 year high of $86.01. The firm’s fifty day moving average price is $76.05 and its 200 day moving average price is $77.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its earnings results on Thursday, March 3rd. The bank reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $10.28 billion. Toronto-Dominion Bank had a net margin of 30.57% and a return on equity of 16.18%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. On average, research analysts forecast that The Toronto-Dominion Bank will post 6.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, April 30th. Shareholders of record on Friday, April 8th were paid a dividend of $0.702 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.81 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, April 7th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.81%.

A number of brokerages have weighed in on TD. StockNews.com initiated coverage on shares of Toronto-Dominion Bank in a research report on Thursday, March 31st. They set a “hold” rating for the company. Desjardins boosted their price objective on shares of Toronto-Dominion Bank from C$110.00 to C$113.00 in a research report on Monday, March 7th. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Friday, April 29th. Stifel Nicolaus cut their target price on shares of Toronto-Dominion Bank from C$105.00 to C$104.00 in a report on Friday, April 8th. Finally, Scotiabank dropped their price objective on shares of Toronto-Dominion Bank from C$116.00 to C$105.00 in a research note on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $100.11.

Toronto-Dominion Bank Company Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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

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