Vanguard Group Inc. Sells 699,861 Shares of Toronto Dominion Bank (The) $TD

Vanguard Group Inc. lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 76,487,581 shares of the bank’s stock after selling 699,861 shares during the period. Vanguard Group Inc. owned about 4.51% of Toronto Dominion Bank worth $6,115,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank in the third quarter worth about $30,000. Quaker Wealth Management LLC lifted its position in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth $32,000. Finally, Sachetta LLC purchased a new position in shares of Toronto Dominion Bank during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $95.33 on Tuesday. 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’s fifty day moving average price is $94.20 and its 200 day moving average price is $84.24. The company has a market capitalization 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 12-month low of $54.87 and a 12-month high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. Toronto Dominion Bank’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were 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%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

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.