Toronto Dominion Bank (The) (NYSE:TD) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 100.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,674 shares of the bank's stock after acquiring an additional 57,386 shares during the period. Envestnet Asset Management Inc.'s holdings in Toronto Dominion Bank were worth $6,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TD. Oppenheimer & Co. Inc. raised its holdings in Toronto Dominion Bank by 144.6% during the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock worth $691,000 after purchasing an additional 6,818 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Toronto Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Toronto Dominion Bank by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Toronto Dominion Bank by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock worth $96,290,000 after acquiring an additional 104,864 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its stake in Toronto Dominion Bank by 21.2% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after acquiring an additional 11,100 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TD. Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Scotiabank began coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. 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 Performance

Shares of TD opened at $75.10 on Wednesday. The company's fifty day moving average is $70.38 and its 200-day moving average is $62.99. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.12. The firm has a market cap of $129.20 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the prior year, the firm earned $2.04 EPS. Equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.03%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 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.

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