Gold Investment Management Ltd. Has $6.80 Million Position in Toronto Dominion Bank (The) (NYSE:TD)

Gold Investment Management Ltd. lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,463 shares of the bank's stock after acquiring an additional 5,382 shares during the period. Toronto Dominion Bank accounts for approximately 2.9% of Gold Investment Management Ltd.'s holdings, making the stock its 2nd biggest holding. Gold Investment Management Ltd.'s holdings in Toronto Dominion Bank were worth $6,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Toronto Dominion Bank in the 4th quarter worth approximately $992,204,000. FIL Ltd lifted its position in Toronto Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 buying an additional 2,564,648 shares during the period. Mackenzie Financial Corp boosted its stake in 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 buying an additional 1,491,472 shares during the period. Finally, Vanguard Group Inc. increased its position in Toronto Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD traded down $0.29 during trading hours on Friday, reaching $72.57. 4,219,067 shares of the company traded hands, compared to its average volume of 2,325,454. The stock's fifty day moving average price is $67.03 and its 200 day moving average price is $60.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $124.85 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.78 and a beta of 0.82. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $73.06.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to analysts' expectations 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 previous year, the company earned $2.04 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.17%. Toronto Dominion Bank's payout ratio is presently 42.82%.

Analyst Ratings Changes

A number of research firms recently commented on TD. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada increased their price objective 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. Finally, Scotiabank began coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank has a consensus rating of "Hold" and an average 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.