Shell Asset Management Co. Has $4.05 Million Position in Toronto Dominion Bank (The) $TD

Shell Asset Management Co. lessened its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 32.7% in the third quarter, Holdings Channel.com reports. The fund owned 50,693 shares of the bank’s stock after selling 24,600 shares during the quarter. Shell Asset Management Co.’s holdings in Toronto Dominion Bank were worth $4,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HBK Sorce Advisory LLC boosted its position in shares of Toronto Dominion Bank by 5.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock worth $238,000 after purchasing an additional 141 shares during the last quarter. Tobam boosted its holdings in Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after buying an additional 151 shares during the last quarter. PDS Planning Inc grew its position in shares of Toronto Dominion Bank by 2.2% during the 3rd quarter. PDS Planning Inc now owns 7,808 shares of the bank’s stock worth $624,000 after buying an additional 169 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Toronto Dominion Bank by 2.8% in the 3rd quarter. Checchi Capital Advisers LLC now owns 7,202 shares of the bank’s stock valued at $576,000 after acquiring an additional 199 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its position in shares of Toronto Dominion Bank by 1.2% in the 3rd quarter. Cardinal Capital Management Inc. now owns 17,520 shares of the bank’s stock valued at $1,402,000 after acquiring an additional 200 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $95.33 on Friday. 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 firm has a market cap of $159.32 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.04. The stock’s 50-day moving average is $94.06 and its 200-day moving average is $84.01.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same quarter in the previous year, the business posted $1.72 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 37.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TD. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.