AMF Tjanstepension AB Buys 167,974 Shares of The Toronto-Dominion Bank (NYSE:TD)

AMF Tjanstepension AB grew its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 53.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 481,783 shares of the bank's stock after acquiring an additional 167,974 shares during the period. AMF Tjanstepension AB's holdings in Toronto-Dominion Bank were worth $29,214,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Canoe Financial LP raised its stake in shares of Toronto-Dominion Bank by 2,035.4% during the fourth quarter. Canoe Financial LP now owns 42,808,439 shares of the bank's stock valued at $2,766,281,000 after acquiring an additional 40,803,711 shares during the last quarter. Norges Bank acquired a new position in Toronto-Dominion Bank during the 4th quarter worth about $1,478,898,000. TD Asset Management Inc grew its position in shares of 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 valued at $3,017,384,000 after buying an additional 10,415,591 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $184,389,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Toronto-Dominion Bank by 20.1% in the third quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank's stock valued at $1,039,691,000 after buying an additional 2,870,662 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Up 0.2 %

Shares of NYSE TD traded up $0.09 during mid-day trading on Friday, reaching $54.96. 1,717,178 shares of the company's stock traded hands, compared to its average volume of 2,892,335. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day simple moving average of $56.09 and a 200 day simple moving average of $58.97. The stock has a market cap of $96.04 billion, a P/E ratio of 12.49, a PEG ratio of 1.50 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $66.15.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.15. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. On average, analysts expect that The Toronto-Dominion Bank will post 5.86 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 annualized dividend and a yield of 5.39%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 67.27%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays began coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. BMO Capital Markets decreased 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 research report on Friday, May 24th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Friday, May 24th. Scotiabank upgraded Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $88.00.

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.

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