The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 137.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,661 shares of the bank's stock after buying an additional 10,235 shares during the quarter. Hanson & Doremus Investment Management's holdings in Toronto-Dominion Bank were worth $1,059,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TD. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $992,204,000. FIL Ltd lifted its position 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 worth $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock worth $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Toronto-Dominion Bank by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after purchasing an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada increased 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 research report on Friday, May 23rd. Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One investment 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. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto-Dominion Bank Stock Up 0.0%

TD stock opened at $70.80 on Monday. The company's 50 day moving average price is $64.46 and its 200 day moving average price is $59.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $71.05. The firm has a market capitalization of $121.97 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.95 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share 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 analyst estimates of $13.36 billion. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.28%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio is currently 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.

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