Coleford Investment Management Ltd. Sells 5,096 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Coleford Investment Management Ltd. trimmed its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,611 shares of the bank's stock after selling 5,096 shares during the quarter. Toronto Dominion Bank comprises about 4.2% of Coleford Investment Management Ltd.'s holdings, making the stock its 12th biggest position. Coleford Investment Management Ltd.'s holdings in Toronto Dominion Bank were worth $14,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at $992,204,000. FIL Ltd lifted its stake 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 valued at $2,075,819,000 after buying an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $569,878,000 after buying an additional 2,564,648 shares in the last quarter. Mackenzie Financial Corp lifted its stake 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 valued at $1,488,233,000 after buying an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on TD shares. Scotiabank started coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank Of Canada raised 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 note on Friday, May 23rd. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.6%

Shares of TD traded down $0.46 during trading hours on Friday, reaching $73.54. 1,630,101 shares of the stock traded hands, compared to its average volume of 2,268,923. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $70.38 and a 200 day simple moving average of $62.86. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.12. The company has a market cap of $126.52 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.67 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the firm earned $2.04 earnings per share. On average, equities analysts forecast that 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. Shareholders of record on Thursday, July 10th will be given a $0.7568 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. This represents a $3.03 annualized dividend and a yield of 4.12%. Toronto Dominion Bank's payout ratio is currently 45.31%.

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.