Forsta AP Fonden Raises Holdings in The Toronto-Dominion Bank (NYSE:TD)

Forsta AP Fonden increased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 466,500 shares of the bank's stock after buying an additional 14,500 shares during the quarter. Forsta AP Fonden's holdings in Toronto-Dominion Bank were worth $29,531,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TD. Dimensional Fund Advisors LP lifted its position in Toronto-Dominion Bank by 61.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank's stock worth $319,151,000 after buying an additional 2,215,185 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Toronto-Dominion Bank by 31.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank's stock worth $549,550,000 after buying an additional 2,188,263 shares during the last quarter. National Bank of Canada FI lifted its position 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 worth $1,677,917,000 after buying an additional 1,736,931 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank's stock worth $1,418,159,000 after buying an additional 1,462,794 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Toronto-Dominion Bank by 17.9% in the first quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank's stock worth $493,880,000 after buying an additional 1,238,502 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Down 0.9 %

Shares of Toronto-Dominion Bank stock traded down $0.51 during trading on Friday, hitting $56.34. 1,300,654 shares of the stock traded hands, compared to its average volume of 2,806,156. The firm has a market cap of $98.45 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The stock's fifty day simple moving average is $60.52 and its 200 day simple moving average is $57.96.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 annualized dividend and a yield of 5.25%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 68.41%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TD. National Bank Financial upgraded Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research report on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a research report on Friday, October 11th. UBS Group initiated coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a "neutral" rating for the company. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price 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.