Gulf International Bank UK Ltd Acquires 97,234 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Key Points

• Gulf International Bank UK Ltd increased its holdings in Toronto Dominion Bank by 2,669.1%, owning 100,877 shares worth $6,047,000 after purchasing an additional 97,234 shares.
• Toronto Dominion Bank recently reported a quarterly earnings per share (EPS) of $1.39, exceeding analyst expectations, although revenue was below estimates at $10.97 billion.
• The bank also raised its quarterly dividend to $0.7568 per share, with a new annualized dividend yield of 4.1%, up from the previous $0.73.

Gulf International Bank UK Ltd increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 2,669.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,877 shares of the bank's stock after buying an additional 97,234 shares during the period. Gulf International Bank UK Ltd's holdings in Toronto Dominion Bank were worth $6,047,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TD. Larson Financial Group LLC raised its holdings in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after purchasing an additional 236 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $32,000. CoreCap Advisors LLC raised its holdings in Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $34,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Royal Bank Of Canada lifted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.0%

Shares of NYSE:TD traded up $0.04 during mid-day trading on Thursday, hitting $74.52. The company had a trading volume of 1,290,850 shares, compared to its average volume of 1,822,281. The firm has a fifty day moving average price of $73.03 and a 200 day moving average price of $65.27. The company has a market capitalization of $127.81 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $75.58.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The business 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 13.11% and a net margin of 13.53%. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.7568 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date was Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.1%. Toronto Dominion Bank's dividend payout ratio (DPR) 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.