Toronto Dominion Bank (The) $TD Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,596,747 shares of the bank’s stock after selling 15,260 shares during the period. Toronto Dominion Bank makes up approximately 2.9% of TD Asset Management Inc’s holdings, making the stock its 5th biggest position. TD Asset Management Inc’s holdings in Toronto Dominion Bank were worth $3,548,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TD. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Toronto Dominion Bank during the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after acquiring an additional 456 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after acquiring an additional 274 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Toronto Dominion Bank by 80.6% during the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after acquiring an additional 208 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto Dominion Bank during the third quarter valued at approximately $48,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Down 0.7%

Toronto Dominion Bank stock opened at $112.49 on Thursday. The firm has a market cap of $185.89 billion, a PE ratio of 17.55, a P/E/G ratio of 1.25 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50 day moving average price is $104.38 and its two-hundred day moving average price is $96.80. Toronto Dominion Bank has a twelve month low of $69.56 and a twelve month high of $114.26.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.97 EPS. On average, research analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $1.12 dividend. The ex-dividend date is Friday, July 10th. This represents a $4.48 annualized dividend and a yield of 4.0%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 48.52%.

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.