3,547 Shares in Toronto Dominion Bank (The) (NYSE:TD) Acquired by Means Investment CO. Inc.

Means Investment CO. Inc. bought a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,547 shares of the bank's stock, valued at approximately $213,000.

Several other large investors have also added to or reduced their stakes in TD. Lee Danner & Bass Inc. purchased a new position in shares of Toronto Dominion Bank in the 4th quarter worth approximately $27,000. Financial Management Professionals Inc. boosted its position in Toronto Dominion Bank by 322.4% in the first 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. Bank of Jackson Hole Trust bought a new position in Toronto Dominion Bank in the 4th quarter valued at $32,000. CoreCap Advisors LLC increased its position in shares of Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto Dominion Bank during the 4th quarter worth $39,000. Institutional investors own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

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

Toronto Dominion Bank Stock Performance

Shares of NYSE TD traded up $0.62 during mid-day trading on Tuesday, hitting $71.80. The company had a trading volume of 1,662,553 shares, compared to its average volume of 2,315,092. 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 has a 1 year low of $51.25 and a 1 year high of $72.10. The company has a market capitalization of $123.69 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.75 and a beta of 0.82. The stock's 50-day moving average price is $66.07 and its 200-day moving average price is $60.23.

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 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period last year, the firm earned $2.04 EPS. On average, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company 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. This represents a $3.03 annualized dividend and a dividend yield of 4.22%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's 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.