State of Wyoming Purchases 30,307 Shares of Toronto Dominion Bank (The) $TD

Key Points

• The State of Wyoming increased its holdings in Toronto Dominion Bank by 1,357.2% in Q1, now owning 32,540 shares valued at approximately $1.95 million.
• Goldman Sachs significantly boosted its stake in Toronto Dominion Bank by 93.9% during the same quarter, now holding over 12 million shares valued at $732.25 million.
• The bank recently declared a quarterly dividend of $1.05, reflecting a positive change from its previous dividend and a yield of 5.8%.

State of Wyoming lifted its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1,357.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,540 shares of the bank's stock after buying an additional 30,307 shares during the period. Toronto Dominion Bank comprises 0.3% of State of Wyoming's holdings, making the stock its 29th largest position. State of Wyoming's holdings in Toronto Dominion Bank were worth $1,950,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC increased 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 in the last quarter. Financial Management Professionals Inc. increased 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 in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth about $32,000. ORG Partners LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth about $34,000. Finally, CoreCap Advisors LLC increased 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 in the last quarter. Institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

TD has been the subject of a number of research reports. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Zacks Research cut Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Finally, Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

NYSE TD traded up $2.20 during trading on Monday, reaching $75.05. 2,901,963 shares of the company's stock were exchanged, compared to its average volume of 1,942,968. The business has a 50 day moving average price of $73.79 and a 200-day moving average price of $66.59. The stock has a market capitalization of $128.73 billion, a P/E ratio of 8.77, a PEG ratio of 1.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $78.95.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 earnings per share. Sell-side analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.6%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 35.40%.

About Toronto Dominion Bank

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.