Toronto Dominion Bank (The) $TD Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. reduced its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,349 shares of the bank’s stock after selling 16,222 shares during the period. Westerkirk Capital Inc.’s holdings in Toronto Dominion Bank were worth $5,784,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at $27,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank during the third quarter worth $30,000. Quaker Wealth Management LLC lifted its holdings in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing 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 second quarter valued at about $32,000. Finally, Sachetta LLC purchased a new stake in shares of Toronto Dominion Bank during the third quarter worth about $33,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

TD stock opened at $96.99 on Friday. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.04. 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 capitalization of $162.09 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. The business has a 50 day simple moving average of $94.61 and a 200-day simple moving average of $84.81.

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

Toronto Dominion Bank Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TD shares. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Sunday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.