Goldman Sachs Group Inc. Boosts Position in Toronto Dominion Bank (The) (NYSE:TD)

Goldman Sachs Group Inc. raised its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 93.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,216,411 shares of the bank's stock after purchasing an additional 5,917,078 shares during the period. Goldman Sachs Group Inc. owned about 0.70% of Toronto Dominion Bank worth $732,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TD. TD Asset Management Inc grew its stake in Toronto Dominion Bank by 0.4% in the 1st quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank's stock valued at $2,218,918,000 after acquiring an additional 162,563 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Toronto Dominion Bank by 4.5% in the first quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock valued at $1,752,806,000 after purchasing an additional 1,262,062 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Toronto Dominion Bank by 1.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank's stock worth $743,037,000 after purchasing an additional 181,781 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Toronto Dominion Bank by 9.7% during the 4th quarter. Toronto Dominion Bank now owns 10,305,222 shares of the bank's stock worth $547,992,000 after purchasing an additional 912,401 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Toronto Dominion Bank by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,289,369 shares of the bank's stock valued at $388,084,000 after buying an additional 500,316 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $73.47 on Thursday. The stock has a fifty day moving average price of $72.53 and a 200 day moving average price of $64.59. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.58. The firm has a market capitalization of $126.02 billion, a P/E ratio of 10.77, a PEG ratio of 1.65 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the prior year, the firm posted $2.04 EPS. Equities research analysts anticipate that 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 was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were paid a dividend of $0.7568 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.1%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is presently 45.31%.

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.

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