Toronto Dominion Bank (The) $TD Stake Boosted by Gold Investment Management Ltd.

Gold Investment Management Ltd. lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,797 shares of the bank’s stock after buying an additional 1,334 shares during the period. Toronto Dominion Bank makes up 3.2% of Gold Investment Management Ltd.’s holdings, making the stock its 3rd biggest position. Gold Investment Management Ltd.’s holdings in Toronto Dominion Bank were worth $8,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Goldman Sachs Group Inc. lifted its stake in shares of Toronto Dominion Bank by 93.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after buying an additional 5,917,078 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after buying an additional 4,853,498 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after buying an additional 4,729,657 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after buying an additional 2,780,984 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after buying an additional 2,057,784 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Up 0.6%

Shares of TD stock opened at $80.42 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $136.77 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. The company has a 50 day moving average price of $75.45 and a 200 day moving average price of $69.35. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 36.10%.

Analyst Ratings Changes

TD has been the topic of several research reports. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $93.00.

About Toronto Dominion Bank

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.