The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 137.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,258,881 shares of the bank's stock after acquiring an additional 1,306,946 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.13% of Toronto-Dominion Bank worth $120,143,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Asahi Life Asset Management CO. LTD. purchased a new position in Toronto-Dominion Bank in the 4th quarter valued at $416,000. Vanguard Group Inc. raised its position 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 valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Toronto-Dominion Bank by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock worth $384,042,000 after buying an additional 236,037 shares in the last quarter. Nicola Wealth Management LTD. boosted its position in Toronto-Dominion Bank by 15.5% during the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after acquiring an additional 68,400 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its stake in Toronto-Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after acquiring an additional 11,100 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.5%

Toronto-Dominion Bank stock traded up $0.31 during mid-day trading on Wednesday, hitting $68.53. The company's stock had a trading volume of 595,761 shares, compared to its average volume of 2,363,488. The stock's fifty day moving average is $61.70 and its two-hundred day moving average is $58.30. 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 firm has a market capitalization of $118.96 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $68.74.

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 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter in the prior year, the company posted $2.04 EPS. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.7568 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio is currently 42.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank of Canada raised their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price 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.