The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.7% in the second quarter, HoldingsChannel reports. The firm owned 122,753 shares of the bank’s stock after buying an additional 5,500 shares during the period. Ensign Peak Advisors Inc’s holdings in Toronto-Dominion Bank were worth $6,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TD. Bank of Nova Scotia lifted its holdings in shares of Toronto-Dominion Bank by 0.3% in the 4th quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock valued at $2,154,141,000 after buying an additional 105,772 shares during the period. National Bank of Canada FI lifted its holdings in Toronto-Dominion Bank by 6.2% in the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after acquiring an additional 1,736,931 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Toronto-Dominion Bank by 3.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock worth $653,194,000 after purchasing an additional 358,283 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Scotia Capital Inc. now owns 11,097,698 shares of the bank’s stock worth $716,322,000 after purchasing an additional 93,854 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Toronto-Dominion Bank by 31.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after purchasing an additional 2,188,263 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

TD opened at $62.90 on Thursday. The firm’s fifty day simple moving average is $59.46 and its two-hundred day simple moving average is $57.92. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The company has a market cap of $109.97 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.86 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

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, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the company posted $1.48 EPS. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts anticipate that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 67.73%.

Analysts Set New Price Targets

TD has been the topic of a number of recent analyst reports. UBS Group began coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating on the stock. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price 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.