Bessemer Group Inc. Has $4.06 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Bessemer Group Inc. boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 192.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,246 shares of the bank’s stock after buying an additional 44,249 shares during the quarter. Bessemer Group Inc.’s holdings in Toronto-Dominion Bank were worth $4,059,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Toronto-Dominion Bank by 6.8% in 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 during the period. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Toronto-Dominion Bank by 2.7% in the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock valued at $83,881,000 after purchasing an additional 37,002 shares during the period. Intech Investment Management LLC acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at $6,454,000. FORA Capital LLC bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at $4,025,000. Finally, V Square Quantitative Management LLC increased its position in shares of Toronto-Dominion Bank by 5,032.5% in the 4th quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock valued at $1,022,000 after buying an additional 15,500 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Tuesday. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. BMO Capital Markets lowered their target price on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Finally, National Bank Financial cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $88.00.

Toronto-Dominion Bank Stock Down 1.0 %

Shares of Toronto-Dominion Bank stock traded down $0.59 during trading hours on Wednesday, reaching $57.46. 2,624,576 shares of the company’s stock were exchanged, compared to its average volume of 2,900,121. The company has a 50 day moving average of $55.82 and a two-hundred day moving average of $58.09. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $66.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $100.40 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.60 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.86 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.15%. Toronto-Dominion Bank’s dividend payout ratio is 67.73%.

Toronto-Dominion Bank 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.