Brucke Financial Inc. Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Brucke Financial Inc. bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,787 shares of the bank's stock, valued at approximately $387,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. FIL Ltd lifted its position in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after buying an additional 5,756,584 shares in the last quarter. Mackenzie Financial Corp grew its stake in Toronto-Dominion Bank by 5.6% during 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 during the period. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $992,204,000. Finally, Beutel Goodman & Co Ltd. raised its stake in shares of Toronto-Dominion Bank by 3.8% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock valued at $894,169,000 after acquiring an additional 622,736 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.33 on Friday, reaching $69.07. The company's stock had a trading volume of 1,635,509 shares, compared to its average volume of 2,227,301. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $119.90 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.95 and a beta of 0.81. The business's fifty day moving average price is $62.04 and its 200 day moving average price is $58.45. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $69.30.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $13.36 billion. During the same quarter in the previous year, the business earned $2.04 EPS. Equities analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.38%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TD shares. Scotiabank began coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank of Canada upped 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. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.