MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 29,185 Shares of Toronto Dominion Bank (The) (NYSE:TD)

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

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Toronto Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the period. FIL Ltd grew its holdings in shares of Toronto Dominion Bank by 17.3% during 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. Mackenzie Financial Corp raised its position in Toronto Dominion Bank by 5.6% during 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 during the period. Norges Bank acquired a new position in Toronto Dominion Bank during the fourth quarter valued at $992,204,000. Finally, Beutel Goodman & Co Ltd. lifted its stake in Toronto Dominion Bank by 3.8% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after acquiring an additional 622,736 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 0.6%

Shares of TD traded up $0.40 during midday trading on Thursday, reaching $71.30. 1,564,027 shares of the stock were exchanged, compared to its average volume of 2,333,440. The company has a market cap of $122.83 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.75 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $71.63. The firm has a 50 day simple moving average of $65.31 and a 200-day simple moving average of $59.82.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate 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 posted $2.04 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.25%. Toronto Dominion Bank's dividend payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TD shares. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada raised their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. Finally, Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.