Sumitomo Mitsui DS Asset Management Company Ltd Purchases 610 Shares of The Toronto-Dominion Bank (NYSE:TD)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,679 shares of the bank’s stock after buying an additional 610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Toronto-Dominion Bank were worth $1,435,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TD. Wellington Management Group LLP boosted its holdings in Toronto-Dominion Bank by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 188,743 shares of the bank’s stock valued at $12,256,000 after purchasing an additional 8,159 shares during the period. Mather Group LLC. bought a new stake in Toronto-Dominion Bank in the 1st quarter valued at $29,000. Park Avenue Securities LLC boosted its holdings in Toronto-Dominion Bank by 5.3% in the 1st quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 184 shares during the period. Cardinal Capital Management boosted its holdings in Toronto-Dominion Bank by 10.3% in the 1st quarter. Cardinal Capital Management now owns 42,656 shares of the bank’s stock valued at $2,576,000 after purchasing an additional 3,970 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in Toronto-Dominion Bank by 2.1% in the 1st quarter. Hennessy Advisors Inc. now owns 86,600 shares of the bank’s stock valued at $5,229,000 after purchasing an additional 1,800 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of Toronto-Dominion Bank stock opened at $57.27 on Wednesday. The stock has a market capitalization of $100.07 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.65 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. The company has a 50-day simple moving average of $60.63 and a 200 day simple moving average of $57.99. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. Research analysts expect that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal 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 given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.41%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. UBS Group began coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Company 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.