Toronto Dominion Bank (The) (NYSE:TD) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 144.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,532 shares of the bank's stock after purchasing an additional 6,818 shares during the period. Oppenheimer & Co. Inc.'s holdings in Toronto Dominion Bank were worth $691,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TD. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto Dominion Bank in the fourth quarter worth $27,000. Financial Management Professionals Inc. increased its position in shares of Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after acquiring an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Toronto Dominion Bank in the first quarter worth $32,000. CoreCap Advisors LLC increased its position in shares of Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Toronto Dominion Bank in the first quarter valued at $34,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TD. 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. Royal Bank Of Canada upped 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 research note on Friday, May 23rd. Finally, Scotiabank began coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Up 0.5%

NYSE TD traded up $0.40 during trading hours on Friday, reaching $74.81. 964,556 shares of the company traded hands, compared to its average volume of 2,314,943. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.05. 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 stock has a market capitalization of $128.70 billion, a PE ratio of 10.97, a PEG ratio of 1.83 and a beta of 0.83. The company has a 50 day moving average of $68.03 and a two-hundred day moving average of $61.24.

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 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate 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 posted $2.04 EPS. As a group, equities analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 4.05%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is 42.82%.

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.