Clearbridge Investments LLC Trims Position in Toronto Dominion Bank (The) $TD

Clearbridge Investments LLC decreased its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,086,930 shares of the bank’s stock after selling 287,281 shares during the quarter. Clearbridge Investments LLC’s holdings in Toronto Dominion Bank were worth $196,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in shares of Toronto Dominion Bank by 21.8% in the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock valued at $74,821,000 after purchasing an additional 167,736 shares during the period. TD Asset Management Inc grew its stake in Toronto Dominion Bank by 0.7% in the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after purchasing an additional 246,999 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in Toronto Dominion Bank by 433.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock worth $1,528,000 after purchasing an additional 13,179 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Toronto Dominion Bank by 7.5% in the third quarter. Allianz Asset Management GmbH now owns 97,557 shares of the bank’s stock worth $7,802,000 after purchasing an additional 6,798 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its position in Toronto Dominion Bank by 3.2% during the third quarter. Cidel Asset Management Inc. now owns 566,193 shares of the bank’s stock valued at $45,282,000 after buying an additional 17,478 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TD. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $113.26 on Monday. Toronto Dominion Bank has a 1-year low of $69.86 and a 1-year high of $114.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $105.17 and a 200-day moving average price of $97.25. The company has a market capitalization of $187.15 billion, a PE ratio of 17.67, a PEG ratio of 1.25 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business posted $1.97 EPS. Toronto Dominion Bank’s revenue was down 31.1% compared to the same quarter last year. As a group, equities analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s payout ratio is currently 48.52%.

Toronto Dominion Bank Company 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.