Hsbc Holdings PLC Has $5.98 Million Stake in Toronto Dominion Bank (The) $TD

Hsbc Holdings PLC lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 95.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 63,499 shares of the bank’s stock after selling 1,224,013 shares during the quarter. Hsbc Holdings PLC’s holdings in Toronto Dominion Bank were worth $5,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Toronto Dominion Bank during the 1st quarter valued at $568,000. Focus Partners Wealth boosted its stake in Toronto Dominion Bank by 27.7% in the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after purchasing an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Toronto Dominion Bank in the second quarter worth $259,000. Cresset Asset Management LLC bought a new stake in shares of Toronto Dominion Bank during the second quarter worth $211,000. Finally, NewEdge Advisors LLC increased its stake in shares of Toronto Dominion Bank by 25.3% in the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after buying an additional 1,622 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 2.4%

TD stock opened at $118.50 on Thursday. The company has a market cap of $195.81 billion, a P/E ratio of 18.49, a PEG ratio of 1.35 and a beta of 0.71. Toronto Dominion Bank has a twelve month low of $72.21 and a twelve month high of $122.65. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $113.83 and a 200-day moving average of $102.47.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.97 earnings per share. As a group, equities research analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is currently 48.52%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Royal Bank Of Canada raised their price objective 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. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.