The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 64.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,711 shares of the bank's stock after purchasing an additional 7,313 shares during the period. Forum Financial Management LP's holdings in Toronto-Dominion Bank were worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TD. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $416,000. Vanguard Group Inc. grew its position 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 worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Toronto-Dominion Bank by 3.4% in the 4th 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 during the last quarter. Nicola Wealth Management LTD. grew its position in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after buying an additional 68,400 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its position in shares of Toronto-Dominion Bank by 21.2% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after buying an additional 11,100 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

NYSE TD traded up $0.23 on Friday, hitting $68.97. 600,100 shares of the company's stock traded hands, compared to its average volume of 2,357,665. 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 Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $69.01. The firm's 50-day moving average price is $62.04 and its two-hundred day moving average price is $58.45. The firm has a market capitalization of $119.71 billion, a PE ratio of 19.86, a P/E/G ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 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 business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the previous year, the business posted $2.04 EPS. As a group, analysts expect that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a yield of 4.39%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TD. Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Scotiabank began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Royal Bank of Canada boosted their target price 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock 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.