Mawer Investment Management Ltd. Raises Holdings in Toronto-Dominion Bank (TD)

Mawer Investment Management Ltd. lifted its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,348,566 shares of the bank’s stock after acquiring an additional 13,029 shares during the quarter. Toronto-Dominion Bank comprises about 3.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Mawer Investment Management Ltd. owned 0.40% of Toronto-Dominion Bank worth $430,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Toronto-Dominion Bank by 32.0% during the fourth quarter. CIBC Asset Management Inc now owns 15,197,616 shares of the bank’s stock worth $894,188,000 after buying an additional 3,687,174 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $259,976,000. The Manufacturers Life Insurance Company boosted its holdings in Toronto-Dominion Bank by 27.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock worth $952,623,000 after buying an additional 3,527,079 shares in the last quarter. DSM Capital Partners LLC bought a new stake in Toronto-Dominion Bank during the third quarter worth approximately $103,030,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Toronto-Dominion Bank by 9.0% during the third quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock worth $1,016,362,000 after buying an additional 1,496,114 shares in the last quarter. Institutional investors and hedge funds own 49.78% of the company’s stock.

A number of equities analysts recently commented on the stock. Desjardins raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Wednesday, February 28th. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 1st. Finally, Bank of America raised their price objective on shares of Toronto-Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Toronto-Dominion Bank has a consensus rating of “Buy” and an average target price of $77.20.

Toronto-Dominion Bank (NYSE TD) traded up $0.17 during trading on Wednesday, reaching $58.50. 1,230,000 shares of the company were exchanged, compared to its average volume of 1,550,000. The firm has a market cap of $107,920.00, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. Toronto-Dominion Bank has a 1 year low of $45.18 and a 1 year high of $61.06. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, March 1st. The bank reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. The company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $8.96 billion. Toronto-Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. equities analysts expect that Toronto-Dominion Bank will post 4.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.522 per share. The ex-dividend date is Monday, April 9th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 3.57%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.47. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 46.76%.

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Toronto-Dominion Bank Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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