Toronto Dominion Bank (The) $TD Shares Sold by Guardian Partners Inc.

Guardian Partners Inc. lessened its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.1% in the third quarter, HoldingsChannel reports. The firm owned 657,357 shares of the bank’s stock after selling 7,524 shares during the period. Toronto Dominion Bank accounts for about 4.5% of Guardian Partners Inc.’s holdings, making the stock its 2nd biggest position. Guardian Partners Inc.’s holdings in Toronto Dominion Bank were worth $52,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TD. Natixis Advisors LLC boosted its holdings in Toronto Dominion Bank by 11.1% during the third quarter. Natixis Advisors LLC now owns 89,786 shares of the bank’s stock worth $7,178,000 after buying an additional 8,947 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Toronto Dominion Bank by 96.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,533,571 shares of the bank’s stock valued at $122,650,000 after acquiring an additional 752,848 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at approximately $6,681,000. DKRT Investments Corp. raised its position in shares of Toronto Dominion Bank by 50.0% in the 3rd quarter. DKRT Investments Corp. now owns 105,000 shares of the bank’s stock valued at $8,395,000 after acquiring an additional 35,000 shares during the period. Finally, Barclays PLC boosted its stake in Toronto Dominion Bank by 5.8% during the 3rd quarter. Barclays PLC now owns 33,350 shares of the bank’s stock worth $2,666,000 after acquiring an additional 1,842 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TD. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Shares of TD opened at $95.64 on Friday. The stock has a 50 day simple moving average of $95.43 and a 200 day simple moving average of $86.45. Toronto Dominion Bank has a 52-week low of $54.87 and a 52-week high of $99.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $159.84 billion, a PE ratio of 10.57, a P/E/G ratio of 1.09 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period last year, the company posted $2.02 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.81%.

About Toronto Dominion Bank

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.