Toronto Dominion Bank (The) $TD Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 24.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,938 shares of the bank’s stock after selling 145,562 shares during the period. UniSuper Management Pty Ltd’s holdings in Toronto Dominion Bank were worth $35,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Toronto Dominion Bank by 3.4% in the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after acquiring an additional 2,552,603 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after purchasing an additional 329,429 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of Toronto Dominion Bank by 0.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after purchasing an additional 101,678 shares during the period. Norges Bank purchased a new position in Toronto Dominion Bank during the 2nd quarter worth approximately $1,543,639,000. Finally, Geode Capital Management LLC grew its stake in Toronto Dominion Bank by 20.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after buying an additional 2,366,324 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $95.14 on Friday. The stock has a fifty day moving average price of $90.39 and a 200 day moving average price of $81.70. Toronto Dominion Bank has a 1-year low of $54.14 and a 1-year high of $96.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $159.67 billion, a PE ratio of 11.29, a P/E/G ratio of 1.32 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. Toronto Dominion Bank’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 EPS. Sell-side analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

Analysts Set New Price Targets

TD has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.