Zurcher Kantonalbank Zurich Cantonalbank Purchases 224,241 Shares of The Toronto-Dominion Bank (NYSE:TD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 35.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 848,539 shares of the bank’s stock after purchasing an additional 224,241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toronto-Dominion Bank were worth $55,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in Toronto-Dominion Bank during the 1st quarter worth $26,000. Fortis Capital Advisors LLC bought a new position in Toronto-Dominion Bank during the 4th quarter worth $26,000. PCA Investment Advisory Services Inc. bought a new position in Toronto-Dominion Bank during the 2nd quarter worth $26,000. Bray Capital Advisors increased its stake in Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after acquiring an additional 310 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at $31,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD traded down $0.43 during trading on Tuesday, hitting $56.14. 2,805,361 shares of the company were exchanged, compared to its average volume of 2,942,441. The company has a market cap of $98.99 billion, a PE ratio of 11.97, a P/E/G ratio of 1.75 and a beta of 0.86. The stock has a 50 day moving average of $59.55 and a 200 day moving average of $60.12. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-week high of $66.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, equities research analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.36%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

Analyst Upgrades and Downgrades

TD has been the topic of several recent analyst reports. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 20th. Barclays assumed coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a “hold” rating on the stock. Finally, Bank of America downgraded Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $89.33.

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.