Value Partners Investments Inc. Raises Holdings in Toronto Dominion Bank (The) (NYSE:TD)

Value Partners Investments Inc. grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 531.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 747,779 shares of the bank's stock after acquiring an additional 629,442 shares during the period. Toronto Dominion Bank comprises about 3.9% of Value Partners Investments Inc.'s holdings, making the stock its 12th biggest position. Value Partners Investments Inc.'s holdings in Toronto Dominion Bank were worth $44,853,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Toronto Dominion Bank by 82.0% in the 1st quarter. Bessemer Group Inc. now owns 121,161 shares of the bank's stock worth $7,267,000 after buying an additional 54,607 shares in the last quarter. Williams Financial LLC purchased a new stake in shares of Toronto Dominion Bank in the first quarter valued at about $228,000. Oppenheimer & Co. Inc. grew its position in shares of Toronto Dominion Bank by 144.6% in the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock valued at $691,000 after purchasing an additional 6,818 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Toronto Dominion Bank by 6.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after purchasing an additional 194 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Toronto Dominion Bank by 1.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,563 shares of the bank's stock worth $1,772,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Trading Up 1.2%

TD traded up $0.88 during trading on Thursday, hitting $72.88. The company's stock had a trading volume of 3,411,881 shares, compared to its average volume of 2,316,625. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $73.15. The stock has a market cap of $125.39 billion, a PE ratio of 10.69, a PEG ratio of 1.77 and a beta of 0.82. The firm's 50 day moving average price is $66.55 and its 200-day moving average price is $60.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

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 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. On average, analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current 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. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.15%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is currently 42.82%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of recent research reports. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Finally, Royal Bank Of Canada increased 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, May 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $93.00.

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.