22,886,303 Shares in The Toronto-Dominion Bank (NYSE:TD) Bought by Norges Bank

Norges Bank purchased a new position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,886,303 shares of the bank's stock, valued at approximately $1,478,898,000. Norges Bank owned 1.29% of Toronto-Dominion Bank as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of TD. Dimensional Fund Advisors LP increased its stake in Toronto-Dominion Bank by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank's stock valued at $132,141,000 after purchasing an additional 130,801 shares in the last quarter. Cooper Financial Group increased its stake in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank's stock worth $525,000 after acquiring an additional 188 shares during the period. Cape Cod Five Cents Savings Bank increased its stake in shares of Toronto-Dominion Bank by 100.0% in the third quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank's stock worth $1,011,000 after acquiring an additional 8,390 shares during the period. CWM LLC increased its stake in shares of Toronto-Dominion Bank by 15.2% in the fourth quarter. CWM LLC now owns 6,528 shares of the bank's stock worth $422,000 after acquiring an additional 863 shares during the period. Finally, Schechter Investment Advisors LLC increased its stake in shares of Toronto-Dominion Bank by 6.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank's stock worth $497,000 after acquiring an additional 434 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.8 %

Shares of TD traded down $0.43 during trading on Monday, reaching $56.81. 805,440 shares of the company traded hands, compared to its average volume of 3,012,847. The Toronto-Dominion Bank has a twelve month low of $54.12 and a twelve month high of $66.15. The stock has a market cap of $99.96 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.79 and a beta of 0.84. The stock has a 50-day simple moving average of $58.38 and a 200-day simple moving average of $60.03. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The business had revenue of $10.07 billion during the quarter, compared to analysts' expectations of $9.35 billion. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.76 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. The ex-dividend date was Monday, April 8th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.29%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 64.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in 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 report on Thursday, February 22nd. They set 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 report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.