854,767 Shares in Toronto Dominion Bank (The) (NYSE:TD) Bought by Canoe Financial LP

Canoe Financial LP bought a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 854,767 shares of the bank's stock, valued at approximately $51,226,000.

Several other large investors have also made changes to their positions in TD. Financial Management Professionals Inc. raised its position in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares during the period. Lee Danner & Bass Inc. purchased a new position in Toronto Dominion Bank in the fourth quarter valued at about $27,000. ORG Partners LLC purchased a new position in Toronto Dominion Bank in the first quarter valued at about $34,000. Bank of Jackson Hole Trust purchased a new position in Toronto Dominion Bank in the fourth quarter valued at about $32,000. Finally, CoreCap Advisors LLC raised its position in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TD shares. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Scotiabank initiated coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Toronto Dominion Bank currently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 0.7%

Shares of NYSE TD opened at $70.84 on Friday. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $71.65. The firm has a market cap of $122.03 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50-day simple moving average is $65.85 and its 200-day simple moving average is $60.02.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same period last year, the firm earned $2.04 earnings per share. As a group, equities analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.27%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is 42.82%.

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.

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