The Toronto-Dominion Bank (NYSE:TD) Shares Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI raised its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,144 shares of the bank’s stock after acquiring an additional 848 shares during the period. LVM Capital Management Ltd. MI’s holdings in Toronto-Dominion Bank were worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $1,484,341,000. JPMorgan Chase & Co. raised its holdings in shares of Toronto-Dominion Bank by 40.7% in the first quarter. JPMorgan Chase & Co. now owns 15,905,184 shares of the bank’s stock valued at $952,719,000 after buying an additional 4,604,833 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Toronto-Dominion Bank by 14.9% in the first quarter. National Bank of Canada FI now owns 30,793,768 shares of the bank’s stock valued at $1,842,844,000 after buying an additional 3,997,094 shares during the last quarter. Canoe Financial LP purchased a new stake in shares of Toronto-Dominion Bank in the first quarter valued at about $98,421,000. Finally, Toronto Dominion Bank raised its holdings in shares of Toronto-Dominion Bank by 12.0% in the first quarter. Toronto Dominion Bank now owns 13,448,983 shares of the bank’s stock valued at $804,392,000 after buying an additional 1,438,464 shares during the last quarter. Institutional investors and hedge funds own 51.52% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.1 %

Shares of TD traded down $0.06 during midday trading on Friday, reaching $62.06. 418,515 shares of the company were exchanged, compared to its average volume of 2,286,050. The stock has a 50-day moving average price of $62.60 and a 200-day moving average price of $61.12. The company has a market cap of $113.41 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 2.05 and a beta of 0.91. The Toronto-Dominion Bank has a 1-year low of $55.43 and a 1-year high of $70.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Thursday, October 5th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. Toronto-Dominion Bank’s payout ratio is currently 50.26%.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Credit Suisse Group dropped their price target on Toronto-Dominion Bank from $93.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $96.00 to $94.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. Finally, Barclays lowered their price objective on Toronto-Dominion Bank from $84.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.71.

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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.