Means Investment CO. Inc. Invests $213,000 in Toronto Dominion Bank (The) (NYSE:TD)

Means Investment CO. Inc. purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,547 shares of the bank's stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 1,415,934 shares in the last quarter. FIL Ltd raised its position in Toronto Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Mackenzie Financial Corp raised its position in Toronto Dominion Bank by 5.6% in the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock valued at $1,488,233,000 after purchasing an additional 1,491,472 shares in the last quarter. Norges Bank acquired a new stake in Toronto Dominion Bank in the 4th quarter valued at about $992,204,000. Finally, Beutel Goodman & Co Ltd. raised its position in shares of Toronto Dominion Bank by 3.8% during 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. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TD. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank began coverage on 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 raised their target price on 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.7%

NYSE:TD opened at $70.84 on Friday. The stock's 50 day moving average price is $65.85 and its 200 day moving average price is $60.02. The company has a market capitalization of $122.03 billion, a PE ratio of 10.39, a P/E/G ratio of 1.76 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 52-week low of $51.25 and a 52-week high of $71.65.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (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 last year, the business posted $2.04 EPS. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 42.82%.

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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