The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,170,939 shares of the bank’s stock after acquiring an additional 9,009 shares during the period. Bank of New York Mellon Corp owned approximately 0.12% of Toronto-Dominion Bank worth $133,142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. Financial Management Professionals Inc. lifted its position in Toronto-Dominion Bank by 75.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock worth $25,000 after acquiring an additional 175 shares in the last quarter. Fairfield Bush & CO. acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at approximately $26,000. Massmutual Trust Co. FSB ADV raised its position in shares of Toronto-Dominion Bank by 130.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 747 shares of the bank’s stock valued at $46,000 after purchasing an additional 423 shares in the last quarter. Capital Analysts LLC raised its position in shares of Toronto-Dominion Bank by 30.5% in the 2nd quarter. Capital Analysts LLC now owns 783 shares of the bank’s stock valued at $51,000 after purchasing an additional 183 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Toronto-Dominion Bank by 149.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 875 shares of the bank’s stock valued at $54,000 after purchasing an additional 524 shares in the last quarter. 49.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TD shares. Desjardins upped their target price on Toronto-Dominion Bank from C$105.00 to C$106.00 in a research report on Tuesday, February 7th. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and boosted their price target for the company from C$95.00 to C$103.00 in a report on Monday, December 5th. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Credit Suisse Group boosted their price target on Toronto-Dominion Bank from C$96.00 to C$98.00 in a report on Friday, December 2nd. Finally, StockNews.com began coverage on Toronto-Dominion Bank in a report on Thursday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.57.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $56.72 on Friday. The company has a market cap of $103.80 billion, a P/E ratio of 8.96, a PEG ratio of 1.09 and a beta of 0.90. The stock has a fifty day moving average price of $66.09 and a 200 day moving average price of $65.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The Toronto-Dominion Bank has a 12 month low of $56.36 and a 12 month high of $82.64.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a dividend of $0.721 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. This represents a $2.88 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Wednesday, April 5th. Toronto-Dominion Bank’s dividend payout ratio is presently 44.71%.

About Toronto-Dominion Bank

(Get Rating)

The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.