Natixis Increases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Posted by Defense World Staff on Jun 10th, 2023

Natixis boosted its holdings in The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 501.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,276 shares of the bank’s stock after buying an additional 56,920 shares during the period. Natixis’ holdings in Toronto-Dominion Bank were worth $4,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AXQ Capital LP purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth about $202,000. Ameritas Advisory Services LLC boosted its position in shares of Toronto-Dominion Bank by 11.0% in the third quarter. Ameritas Advisory Services LLC now owns 3,479 shares of the bank’s stock valued at $213,000 after acquiring an additional 345 shares during the period. Versor Investments LP grew its stake in Toronto-Dominion Bank by 7.8% during the fourth quarter. Versor Investments LP now owns 11,100 shares of the bank’s stock valued at $718,000 after acquiring an additional 800 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Toronto-Dominion Bank by 6.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,552 shares of the bank’s stock worth $295,000 after acquiring an additional 260 shares during the period. Finally, HBK Sorce Advisory LLC increased its holdings in Toronto-Dominion Bank by 100.5% during the 4th quarter. HBK Sorce Advisory LLC now owns 7,014 shares of the bank’s stock worth $454,000 after acquiring an additional 3,515 shares during the period. Institutional investors own 49.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Friday, March 3rd. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a research report on Monday, April 17th. Finally, Barclays lowered shares of Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.57.

Toronto-Dominion Bank Stock Up 0.2 %

Shares of NYSE:TD opened at $59.27 on Friday. The stock has a market capitalization of $109.03 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The stock’s 50-day moving average price is $60.00 and its 200-day moving average price is $63.31. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $55.43 and a 12-month high of $72.27.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its earnings results on Thursday, May 25th. The bank reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.09). Toronto-Dominion Bank had a return on equity of 15.51% and a net margin of 17.72%. The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $9.10 billion. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 6.08 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be issued a dividend of $0.709 per share. The ex-dividend date is Friday, July 7th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.78%. Toronto-Dominion Bank’s dividend payout ratio is currently 47.65%.

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.