Park Avenue Securities LLC Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Park Avenue Securities LLC purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,269 shares of the bank's stock, valued at approximately $915,000.

A number of other institutional investors have also recently bought and sold shares of TD. Norges Bank bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $992,204,000. FIL Ltd lifted its stake in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after purchasing an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC boosted its stake in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after buying an additional 2,564,648 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Toronto-Dominion Bank by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock valued at $1,488,233,000 after purchasing an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

TD has been the subject of several research reports. Scotiabank initiated coverage on Toronto-Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Royal Bank of Canada raised their price objective on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto-Dominion Bank Trading Up 0.0%

NYSE:TD traded up $0.02 on Friday, reaching $70.80. 1,912,550 shares of the stock traded hands, compared to its average volume of 2,342,441. The firm has a market capitalization of $121.97 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The company's 50 day moving average is $64.15 and its 200-day moving average is $59.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $71.12.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the prior year, the firm posted $2.04 EPS. Equities research analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 44.72%.

Toronto-Dominion Bank Company Profile

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.