Deutsche Bank AG Reduces Position in Toronto Dominion Bank (The) $TD

Deutsche Bank AG decreased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,698,132 shares of the bank’s stock after selling 1,287,247 shares during the quarter. Deutsche Bank AG’s holdings in Toronto Dominion Bank were worth $442,564,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Main Line Retirement Advisors LLC increased its position in Toronto Dominion Bank by 0.9% during the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after buying an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after buying an additional 118 shares in the last quarter. Richardson Financial Services Inc. increased its position in Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after buying an additional 122 shares in the last quarter. Commons Capital LLC increased its position in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after buying an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Toronto Dominion Bank by 4.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TD. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. 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. Finally, Royal Bank Of Canada upped their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Trading Down 0.2%

Shares of TD stock opened at $114.46 on Thursday. The firm has a market cap of $189.13 billion, a P/E ratio of 17.86, a PEG ratio of 1.27 and a beta of 0.72. Toronto Dominion Bank has a 1-year low of $70.06 and a 1-year high of $115.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50-day simple moving average is $106.52 and its 200-day simple moving average is $97.94.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. The business 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 was down 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.97 EPS. As a group, equities analysts forecast that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. Toronto Dominion Bank’s payout ratio is 48.52%.

Toronto Dominion Bank Company 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.