The Toronto-Dominion Bank (NYSE:TD) Position Increased by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 721,312 shares of the bank's stock after buying an additional 92,129 shares during the quarter. Two Sigma Investments LP's holdings in Toronto-Dominion Bank were worth $38,403,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $32,000. CoreCap Advisors LLC grew its stake 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 valued at $34,000 after buying an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TD shares. Royal Bank of Canada raised their price objective on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Scotiabank started coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $88.50.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.75 during mid-day trading on Friday, hitting $67.70. The stock had a trading volume of 2,347,750 shares, compared to its average volume of 2,374,946. The company has a market cap of $117.51 billion, a PE ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.81. The company's fifty day simple moving average is $61.38 and its two-hundred day simple moving average is $58.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $68.05.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter last year, the firm earned $2.04 EPS. On average, equities analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $0.7568 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.47%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.