1832 Asset Management L.P. Acquires 149,407 Shares of The Toronto-Dominion Bank (NYSE:TD)

1832 Asset Management L.P. increased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,569,253 shares of the bank's stock after acquiring an additional 149,407 shares during the quarter. Toronto-Dominion Bank makes up about 2.3% of 1832 Asset Management L.P.'s holdings, making the stock its 3rd biggest position. 1832 Asset Management L.P. owned 1.38% of Toronto-Dominion Bank worth $1,587,665,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TD. Bray Capital Advisors increased its holdings in shares of Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank's stock valued at $28,000 after acquiring an additional 310 shares during the period. Bank of New Hampshire acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at $32,000. Avior Wealth Management LLC increased its stake in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock valued at $38,000 after buying an additional 286 shares during the period. Optiver Holding B.V. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at $39,000. Finally, Arlington Trust Co LLC acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at $42,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded down $0.61 during trading on Thursday, hitting $58.08. 5,515,761 shares of the company were exchanged, compared to its average volume of 2,991,267. The company has a market cap of $102.41 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.83 and a beta of 0.85. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The firm's fifty day moving average price is $59.27 and its 200 day moving average price is $60.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, sell-side analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were given a $0.7519 dividend. The ex-dividend date was Monday, April 8th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.18%. Toronto-Dominion Bank's payout ratio is currently 30.56%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TD shares. Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a "hold" rating on the stock. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.33.

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.

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.