3,526 Shares in Toronto Dominion Bank (The) (NYSE:TD) Purchased by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc invested approximately $211,000 in Toronto Dominion Bank by purchasing 3,526 shares during the first quarter.
• Several large hedge funds significantly increased their holdings in Toronto Dominion Bank, with Goldman Sachs lifting its position by 93.9% and JPMorgan Chase increasing its stake by 38.6%.
• Toronto Dominion Bank announced a quarterly dividend increase to $0.7568 per share, resulting in an annualized yield of 4.1%, reflecting the bank's stable financial performance.

Berger Financial Group Inc acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,526 shares of the bank's stock, valued at approximately $211,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Toronto Dominion Bank in the fourth quarter valued at approximately $7,865,000. Guggenheim Capital LLC boosted its position in shares of Toronto Dominion Bank by 40.9% in the 4th quarter. Guggenheim Capital LLC now owns 6,771 shares of the bank's stock worth $360,000 after purchasing an additional 1,966 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Toronto Dominion Bank by 280.2% during the fourth quarter. Bridgewater Associates LP now owns 210,583 shares of the bank's stock worth $11,206,000 after purchasing an additional 155,197 shares during the period. NewEdge Advisors LLC increased its holdings in Toronto Dominion Bank by 198.4% in the fourth quarter. NewEdge Advisors LLC now owns 6,334 shares of the bank's stock valued at $337,000 after purchasing an additional 4,211 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Toronto Dominion Bank by 11.9% in the fourth quarter. Wasatch Advisors LP now owns 43,420 shares of the bank's stock valued at $2,309,000 after buying an additional 4,610 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Up 1.7%

NYSE TD traded up $1.27 on Wednesday, reaching $74.48. The company had a trading volume of 2,886,315 shares, compared to its average volume of 1,741,902. The company's fifty day moving average is $72.84 and its 200-day moving average is $65.09. The firm has a market capitalization of $127.74 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $75.58.

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 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $2.04 earnings per share. On average, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date was Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is 45.31%.

Analyst Ratings Changes

A number of analysts have recently commented on TD shares. Scotiabank began coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $93.00.

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.