American Century Companies Inc. Increases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

American Century Companies Inc. boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 105.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,266 shares of the bank’s stock after purchasing an additional 273,761 shares during the period. American Century Companies Inc.’s holdings in Toronto-Dominion Bank were worth $29,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth about $29,000. LifeSteps Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter valued at about $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. lifted its holdings in shares of Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after acquiring an additional 212 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $62.59 on Thursday. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $109.43 billion, a PE ratio of 14.23, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a fifty day moving average of $58.91 and a two-hundred day moving average of $57.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. As a group, analysts expect that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 67.73%.

Analyst Ratings Changes

A number of research analysts have commented on TD shares. UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating on the stock. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, BMO Capital Markets dropped their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

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.