Wellington Management Group LLP Has $11.67 Million Holdings in Toronto Dominion Bank (The) $TD

Key Points

• Wellington Management Group LLP has reduced its holdings in Toronto Dominion Bank by 6.1%, now owning 194,841 shares valued at approximately $11.67 million.
• Goldman Sachs Group Inc. significantly increased its stake in Toronto Dominion Bank by 93.9%, holding over 12 million shares now valued at $732.25 million.
• Toronto Dominion Bank's current stock rating is a consensus of "Hold" with an average price target of $93.00, following various recent upgrades and downgrades from analysts.

Wellington Management Group LLP cut its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 6.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 194,841 shares of the bank's stock after selling 12,670 shares during the quarter. Wellington Management Group LLP's holdings in Toronto Dominion Bank were worth $11,674,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of TD. Larson Financial Group LLC boosted its position in Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Toronto Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC boosted its holdings in Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Up 3.0%

Shares of NYSE TD traded up $2.20 during mid-day trading on Monday, hitting $75.05. The company had a trading volume of 2,901,963 shares, compared to its average volume of 1,942,968. The company has a market capitalization of $128.73 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.63 and a beta of 0.81. The firm has a 50-day simple moving average of $73.79 and a two-hundred day simple moving average of $66.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $78.95.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same quarter last year, the company earned $2.05 EPS. Toronto Dominion Bank's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.6%. Toronto Dominion Bank's dividend payout ratio is 35.40%.

Analyst Ratings Changes

TD has been the topic of several recent analyst reports. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised their price target on 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. Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Company 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.