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

DekaBank Deutsche Girozentrale lifted its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,144,490 shares of the bank's stock after purchasing an additional 3,409 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Toronto Dominion Bank worth $68,307,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Toronto Dominion Bank in the 4th quarter valued at approximately $51,000. Proficio Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank in the 4th quarter valued at approximately $581,000. Raymond James Financial Inc. purchased a new position in shares of Toronto Dominion Bank in the 4th quarter valued at approximately $7,865,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Toronto Dominion Bank in the 4th quarter valued at approximately $267,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Toronto Dominion Bank by 3.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712,379 shares of the bank's stock valued at $37,907,000 after purchasing an additional 25,828 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Down 0.4%

Shares of TD traded down $0.33 during mid-day trading on Friday, hitting $73.56. 1,639,360 shares of the company's stock were exchanged, compared to its average volume of 2,291,472. The company has a market cap of $126.56 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.67 and a beta of 0.83. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $75.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50-day moving average is $69.34 and its 200-day moving average is $62.14.

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 13.53% and a return on equity of 13.11%. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. 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 dividend yield of 4.12%. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TD shares. 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 started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Royal Bank Of Canada raised 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.00.

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.