Trust Co. of Vermont Increases Stake in Toronto Dominion Bank (The) (NYSE:TD)

Trust Co. of Vermont boosted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,842 shares of the bank's stock after acquiring an additional 10,906 shares during the period. Trust Co. of Vermont's holdings in Toronto Dominion Bank were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Toronto Dominion Bank during the 4th quarter valued at $992,204,000. FIL Ltd boosted its position in Toronto Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC grew its stake in Toronto Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after purchasing an additional 2,564,648 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Toronto Dominion Bank by 5.6% in the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after purchasing an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 buying 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 Stock Up 1.2%

Shares of TD stock opened at $72.88 on Friday. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $73.06. The stock has a market cap of $125.39 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.77 and a beta of 0.82. The stock has a 50 day moving average of $66.79 and a 200 day moving average of $60.53. The company has a current ratio of 1.03, a quick 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 earnings results 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. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The firm had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the previous year, the business posted $2.04 EPS. As a group, sell-side 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 Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's payout ratio is currently 42.82%.

Analysts Set New Price Targets

TD has been the subject of several recent analyst reports. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. 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 report on Friday, May 23rd. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $93.00.

About Toronto Dominion Bank

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.