Versant Capital Management Inc Raises Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Versant Capital Management Inc lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 804.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,329 shares of the bank's stock after purchasing an additional 5,629 shares during the period. Versant Capital Management Inc's holdings in Toronto-Dominion Bank were worth $379,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. 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 purchasing an additional 1,415,934 shares in the last quarter. FIL Ltd raised its position in Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares during the period. Mackenzie Financial Corp raised its position 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 acquiring an additional 1,491,472 shares during the period. Norges Bank bought a new stake in Toronto-Dominion Bank in the fourth quarter worth about $992,204,000. Finally, Beutel Goodman & Co Ltd. raised its position in Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after acquiring an additional 622,736 shares during the period. 52.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TD. Royal Bank of Canada lifted their price objective on shares of 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. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.33 during trading hours on Friday, hitting $69.07. The company's stock had a trading volume of 1,635,509 shares, compared to its average volume of 2,360,800. The company has a market cap of $119.90 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.95 and a beta of 0.81. 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 business has a 50 day simple moving average of $62.20 and a two-hundred day simple moving average of $58.56. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $69.30.

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 for the quarter, topping the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. During the same quarter last year, the company earned $2.04 earnings per share. On average, equities analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a yield of 4.38%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's payout ratio is currently 42.67%.

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.