Two Sigma Advisers LP Acquires 301,683 Shares of The Toronto-Dominion Bank (NYSE:TD)

Two Sigma Advisers LP raised its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 370.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 383,200 shares of the bank's stock after purchasing an additional 301,683 shares during the period. Two Sigma Advisers LP's holdings in Toronto-Dominion Bank were worth $20,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asahi Life Asset Management CO. LTD. bought a new position in Toronto-Dominion Bank during the fourth quarter valued at $416,000. 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 worth $3,946,072,000 after acquiring an additional 1,415,934 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Toronto-Dominion Bank by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock worth $384,042,000 after acquiring an additional 236,037 shares in the last quarter. Nicola Wealth Management LTD. lifted its position in shares of Toronto-Dominion Bank by 15.5% during the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after acquiring an additional 68,400 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its position in shares of Toronto-Dominion Bank by 21.2% during the fourth 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 in the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TD has been the topic of several recent research reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Royal Bank of Canada increased their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday. Scotiabank initiated coverage on Toronto-Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $88.50.

Toronto-Dominion Bank Price Performance

NYSE TD traded up $0.75 during trading hours on Friday, reaching $67.70. 2,347,750 shares of the stock traded hands, compared to its average volume of 2,374,946. The stock has a 50 day simple moving average of $61.38 and a two-hundred day simple moving average of $58.13. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $68.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $117.51 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The firm had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. During the same period last year, the firm earned $2.04 earnings per share. On average, analysts predict that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.59%.

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.