Aigen Investment Management LP Buys Shares of 15,539 The Toronto-Dominion Bank (NYSE:TD)

Aigen Investment Management LP acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,539 shares of the bank's stock, valued at approximately $1,004,000.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Toronto-Dominion Bank by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank's stock worth $132,141,000 after buying an additional 130,801 shares during the last quarter. Cooper Financial Group boosted its position in Toronto-Dominion Bank by 2.4% in the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank's stock worth $525,000 after purchasing an additional 188 shares in the last quarter. Cape Cod Five Cents Savings Bank grew its stake in shares of Toronto-Dominion Bank by 100.0% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank's stock worth $1,011,000 after purchasing an additional 8,390 shares during the period. CWM LLC increased its holdings in shares of Toronto-Dominion Bank by 15.2% during the 4th quarter. CWM LLC now owns 6,528 shares of the bank's stock valued at $422,000 after purchasing an additional 863 shares in the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 6.0% in the 4th quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank's stock valued at $497,000 after purchasing an additional 434 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

TD traded up $0.06 during trading on Tuesday, reaching $56.87. The company's stock had a trading volume of 1,800,491 shares, compared to its average volume of 3,001,021. The company has a market cap of $100.07 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.79 and a beta of 0.84. The firm has a fifty day simple moving average of $58.31 and a two-hundred day simple moving average of $60.01. The Toronto-Dominion Bank has a 1 year low of $54.12 and a 1 year high of $66.15. 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 data on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. As a group, analysts anticipate that The Toronto-Dominion Bank will post 5.76 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.7519 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.29%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 64.32%.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a "hold" rating for the company. Scotiabank raised Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. Finally, Barclays initiated coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.