Bessemer Group Inc. Raises Stake in Toronto Dominion Bank (The) (NYSE:TD)

Bessemer Group Inc. raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 82.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,161 shares of the bank's stock after purchasing an additional 54,607 shares during the quarter. Bessemer Group Inc.'s holdings in Toronto Dominion Bank were worth $7,267,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Toronto Dominion Bank in the fourth quarter worth $992,204,000. FIL Ltd lifted its holdings in shares of Toronto Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 worth $569,878,000 after buying an additional 2,564,648 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Toronto Dominion Bank by 5.6% in the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after buying an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Toronto Dominion Bank by 1.9% in 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 in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

TD has been the topic of a number of recent research reports. Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Royal Bank Of Canada boosted 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 research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Up 1.2%

NYSE:TD opened at $72.88 on Friday. The stock has a market capitalization of $125.39 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.77 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 company's 50-day simple moving average is $66.79 and its 200-day simple moving average is $60.53. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $73.06.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the firm posted $2.04 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.15%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 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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