28,585 Shares in Toronto Dominion Bank (The) $TD Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired a new position in Toronto Dominion Bank, purchasing 28,585 shares for approximately $1.7 million in the first quarter.
• Major institutional investors, including Goldman Sachs Group Inc., have significantly increased their stakes in Toronto Dominion Bank, with Goldman Sachs raising its position by 93.9%.
• Analysts have mixed opinions on the stock, with three rated as "Buy," four as "Hold," and one as "Sell," while the average target price has been set at $93.00.

Campbell & CO Investment Adviser LLC bought a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,585 shares of the bank's stock, valued at approximately $1,713,000.

Several other hedge funds have also recently made changes to their positions in TD. Guggenheim Capital LLC increased 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 valued at $360,000 after acquiring an additional 1,966 shares during the period. NewEdge Advisors LLC boosted 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. Capital Analysts LLC boosted its holdings in Toronto Dominion Bank by 15.4% in the fourth quarter. Capital Analysts LLC now owns 2,380 shares of the bank's stock valued at $127,000 after purchasing an additional 318 shares during the last quarter. Northern Trust Corp boosted its holdings in Toronto Dominion Bank by 36.2% in the fourth quarter. Northern Trust Corp now owns 1,142,569 shares of the bank's stock valued at $60,830,000 after purchasing an additional 303,836 shares during the last quarter. Finally, Guardian Capital LP boosted its holdings in Toronto Dominion Bank by 1.7% in the fourth quarter. Guardian Capital LP now owns 844,922 shares of the bank's stock valued at $44,960,000 after purchasing an additional 14,391 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 4.3%

Shares of NYSE TD traded down $3.28 during midday trading on Thursday, reaching $72.86. 6,170,447 shares of the stock were exchanged, compared to its average volume of 1,772,648. The company has a 50 day simple moving average of $73.70 and a 200 day simple moving average of $66.40. The stock has a market capitalization of $124.97 billion, a P/E ratio of 10.68, a PEG ratio of 1.67 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 twelve month low of $51.25 and a twelve month high of $78.95.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 45.31%.

Wall Street Analyst Weigh In

TD has been the topic of several recent research reports. Scotiabank initiated coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Royal Bank Of Canada upped their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $93.00.

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.