Dimensional Fund Advisors LP Purchases 87,143 Shares of The Toronto-Dominion Bank (NYSE:TD)

Dimensional Fund Advisors LP boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,570,698 shares of the bank’s stock after purchasing an additional 87,143 shares during the period. Dimensional Fund Advisors LP’s holdings in Toronto-Dominion Bank were worth $101,719,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TD. National Bank of Canada FI grew its holdings in shares of Toronto-Dominion Bank by 406.1% in the 4th quarter. National Bank of Canada FI now owns 26,796,674 shares of the bank’s stock valued at $1,734,653,000 after acquiring an additional 21,501,478 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Toronto-Dominion Bank by 59.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,357,770 shares of the bank’s stock valued at $576,973,000 after acquiring an additional 3,493,369 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Toronto-Dominion Bank by 45.0% in the 3rd quarter. Toronto Dominion Bank now owns 11,007,320 shares of the bank’s stock valued at $675,016,000 after acquiring an additional 3,417,464 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Toronto-Dominion Bank by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 67,240,327 shares of the bank’s stock valued at $4,123,850,000 after acquiring an additional 2,238,912 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $88,554,000. Institutional investors own 49.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TD shares. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, March 3rd. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Desjardins lifted their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$106.00 in a research note on Tuesday, February 7th. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a research note on Monday, April 17th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Toronto-Dominion Bank Price Performance

TD stock opened at $60.92 on Monday. The firm has a market cap of $111.53 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.17 and a beta of 0.88. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $55.43 and a 12-month high of $77.15. The company’s fifty day simple moving average is $59.86 and its 200 day simple moving average is $64.06.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last released its earnings results on Thursday, March 2nd. The bank reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.03. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.97 billion. Toronto-Dominion Bank had a net margin of 18.23% and a return on equity of 16.02%. On average, analysts expect that The Toronto-Dominion Bank will post 6.45 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were issued a dividend of $0.721 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $2.88 annualized dividend and a dividend yield of 4.73%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. Toronto-Dominion Bank’s dividend payout ratio is currently 44.87%.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.