The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 802.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,823 shares of the bank's stock after buying an additional 29,185 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Toronto-Dominion Bank were worth $1,967,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TD. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $416,000. Vanguard Group Inc. increased its stake in Toronto-Dominion Bank by 1.9% in the 4th 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 during the period. JPMorgan Chase & Co. raised its position in Toronto-Dominion Bank by 3.4% during 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. lifted its stake 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 acquiring an additional 68,400 shares during the period. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Toronto-Dominion Bank by 21.2% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after acquiring an additional 11,100 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the subject of several analyst reports. Scotiabank initiated coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. Royal Bank of Canada increased their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Wall Street Zen raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $0.24 during midday trading on Monday, reaching $71.04. 1,158,416 shares of the company traded hands, compared to its average volume of 2,336,633. The firm's 50 day simple moving average is $64.46 and its two-hundred day simple moving average is $59.56. The firm has a market cap of $122.39 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $71.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

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 for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same quarter last year, the business posted $2.04 earnings per share. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.26%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio is presently 44.72%.

Toronto-Dominion Bank 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.