Plato Investment Management Ltd Invests $261,000 in The Toronto-Dominion Bank (NYSE:TD)

Plato Investment Management Ltd acquired a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,120 shares of the bank’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $319,151,000 after purchasing an additional 2,215,185 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Toronto-Dominion Bank by 31.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after buying an additional 2,188,263 shares in the last quarter. National Bank of Canada FI grew its holdings in Toronto-Dominion Bank by 6.2% during the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after buying an additional 1,736,931 shares during the last quarter. 1832 Asset Management L.P. increased its position in Toronto-Dominion Bank by 6.0% during 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 in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of 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 acquiring an additional 1,238,502 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Down 1.2 %

NYSE TD opened at $55.94 on Friday. The company has a market cap of $97.81 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.59 and a beta of 0.82. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day moving average of $59.55 and a 200-day moving average of $57.77.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts predict that The Toronto-Dominion Bank will post 5.8 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.739 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.96 annualized dividend and a yield of 5.28%. Toronto-Dominion Bank’s payout ratio is 96.17%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $84.00.

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.