Natixis Advisors L.P. Buys 668 Shares of The Toronto-Dominion Bank (NYSE:TD)

Posted by Defense World Staff on Apr 15th, 2023

Natixis Advisors L.P. increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,792 shares of the bank’s stock after buying an additional 668 shares during the quarter. Natixis Advisors L.P.’s holdings in Toronto-Dominion Bank were worth $6,463,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TD. National Bank of Canada FI grew its holdings in Toronto-Dominion Bank by 406.1% during the fourth quarter. National Bank of Canada FI now owns 26,796,674 shares of the bank’s stock worth $1,734,653,000 after buying an additional 21,501,478 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Toronto-Dominion Bank by 59.6% in the third quarter. Canada Pension Plan Investment Board now owns 9,357,770 shares of the bank’s stock worth $576,973,000 after purchasing an additional 3,493,369 shares during the last quarter. Toronto Dominion Bank boosted its position in Toronto-Dominion Bank by 45.0% in the third quarter. Toronto Dominion Bank now owns 11,007,320 shares of the bank’s stock worth $675,016,000 after purchasing an additional 3,417,464 shares during the last quarter. Vanguard Group Inc. boosted its position in Toronto-Dominion Bank by 3.4% in the third quarter. Vanguard Group Inc. now owns 67,240,327 shares of the bank’s stock worth $4,123,850,000 after purchasing an additional 2,238,912 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Toronto-Dominion Bank by 93.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,502,216 shares of the bank’s stock worth $164,095,000 after purchasing an additional 1,210,416 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of several research analyst reports. Desjardins boosted their price objective on Toronto-Dominion Bank from C$105.00 to C$106.00 in a research report on Tuesday, February 7th. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, March 3rd. Finally, StockNews.com initiated coverage on Toronto-Dominion Bank in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.57.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of NYSE TD opened at $60.83 on Friday. The Toronto-Dominion Bank has a one year low of $55.43 and a one year high of $77.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day moving average price is $62.90 and its 200-day moving average price is $64.28. The stock has a market capitalization of $111.32 billion, a PE ratio of 9.61, a P/E/G ratio of 1.13 and a beta of 0.88.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, March 2nd. The bank reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $8.97 billion. Toronto-Dominion Bank had a return on equity of 16.02% and a net margin of 18.23%. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 6.57 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $0.721 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.88 dividend on an annualized basis and a yield of 4.74%. Toronto-Dominion Bank’s dividend payout ratio is 44.87%.

Toronto-Dominion Bank Company Profile

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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.