Canerector Inc. Purchases Shares of 200,000 The Toronto-Dominion Bank (NYSE:TD)

Canerector Inc. acquired a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the bank's stock, valued at approximately $10,648,000. Toronto-Dominion Bank accounts for 16.6% of Canerector Inc.'s investment portfolio, making the stock its 3rd biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $32,000. CoreCap Advisors LLC grew its position in Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after acquiring an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $51,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on TD. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank initiated coverage on Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Trading Up 0.5%

Shares of Toronto-Dominion Bank stock traded up $0.33 during midday trading on Friday, reaching $69.07. The company had a trading volume of 1,635,509 shares, compared to its average volume of 2,363,033. The stock has a fifty day moving average price of $62.20 and a 200 day moving average price of $58.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $119.90 billion, a PE ratio of 19.90, a P/E/G ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $69.30.

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 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The company 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 period in the previous year, the firm earned $2.04 earnings per share. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.48 earnings per share 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. Investors of record on Thursday, July 10th will be paid 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 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is currently 42.67%.

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.