Lombard Odier Asset Management Europe Ltd Purchases 18,991 Shares of The Toronto-Dominion Bank (NYSE:TD)

Lombard Odier Asset Management Europe Ltd lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 23.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,446 shares of the bank’s stock after buying an additional 18,991 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Toronto-Dominion Bank were worth $5,412,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc grew its holdings in Toronto-Dominion Bank by 28.9% in the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock worth $3,017,384,000 after acquiring an additional 10,415,591 shares during the last quarter. Bank of Nova Scotia raised its holdings in Toronto-Dominion Bank by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock worth $2,154,141,000 after purchasing an additional 105,772 shares in the last quarter. National Bank of Canada FI lifted its position in Toronto-Dominion Bank by 6.2% during 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 buying an additional 1,736,931 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Toronto-Dominion Bank by 6.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after buying an additional 1,462,794 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 buying an additional 358,283 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $64.56 on Monday. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The business has a fifty day moving average of $59.22 and a 200 day moving average of $57.87. 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 firm has a market capitalization of $112.81 billion, a P/E ratio of 14.67, a PEG ratio of 1.84 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The business 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%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. As a group, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 68.64%.

About Toronto-Dominion Bank

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.