Korea Investment CORP Sells 55,160 Shares of Toronto Dominion Bank (The) $TD

Korea Investment CORP cut its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 949,203 shares of the bank’s stock after selling 55,160 shares during the quarter. Korea Investment CORP’s holdings in Toronto Dominion Bank were worth $75,914,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the period. TD Asset Management Inc grew its stake in Toronto Dominion Bank by 0.7% in the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after buying an additional 246,999 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Toronto Dominion Bank by 0.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after acquiring an additional 101,678 shares during the period. Canerector Inc. raised its holdings in Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after acquiring an additional 22,056,000 shares during the period. Finally, Norges Bank acquired a new stake in Toronto Dominion Bank during the second quarter worth approximately $1,543,639,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Down 1.5%

Shares of TD stock opened at $95.64 on Monday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. The stock’s fifty day moving average price is $95.43 and its two-hundred day moving average price is $86.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $159.84 billion, a PE ratio of 10.57, a P/E/G ratio of 1.09 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same quarter in the previous year, the firm earned $2.02 EPS. Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. Equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is presently 34.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Weiss Ratings reissued 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 research note on Monday, November 24th. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank 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.