DekaBank Deutsche Girozentrale Grows Stock Position in Toronto Dominion Bank (The) (NYSE:TD)

DekaBank Deutsche Girozentrale grew its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,144,490 shares of the bank's stock after buying an additional 3,409 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of Toronto Dominion Bank worth $68,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC grew its stake in Toronto Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the period. MFA Wealth Services grew its stake in Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after purchasing an additional 179 shares during the period. Hexagon Capital Partners LLC grew its stake in Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after purchasing an additional 190 shares during the period. JFS Wealth Advisors LLC grew its stake in Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after purchasing an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Toronto Dominion Bank by 14.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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 note on Friday, May 23rd. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Scotiabank initiated coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.4%

Shares of TD stock traded down $0.33 during trading hours on Friday, reaching $73.56. The company had a trading volume of 1,639,360 shares, compared to its average volume of 2,293,554. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $69.34 and a 200-day simple moving average of $62.20. The company has a market cap of $126.56 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same quarter last year, the company earned $2.04 earnings per share. On average, research analysts expect 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 Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This is a positive change 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 4.12%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.31%.

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.