Williams Jones & Associates LLC lessened its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 59.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,960 shares of the bank’s stock after selling 35,459 shares during the quarter. Williams Jones & Associates LLC’s holdings in Toronto-Dominion Bank were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Monte Financial Group LLC boosted its stake in shares of Toronto-Dominion Bank by 101.8% during the 1st quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock worth $2,811,000 after acquiring an additional 26,098 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Toronto-Dominion Bank by 25.2% during the 4th quarter. Natixis Advisors L.P. now owns 44,812 shares of the bank’s stock valued at $2,228,000 after purchasing an additional 9,014 shares during the period. IHT Wealth Management LLC raised its position in shares of Toronto-Dominion Bank by 3.9% during the 4th quarter. IHT Wealth Management LLC now owns 6,439 shares of the bank’s stock valued at $320,000 after purchasing an additional 244 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Toronto-Dominion Bank by 129.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 953,875 shares of the bank’s stock valued at $47,389,000 after purchasing an additional 537,965 shares during the period. Finally, Wright Investors Service Inc. raised its position in shares of Toronto-Dominion Bank by 4.1% during the 1st quarter. Wright Investors Service Inc. now owns 18,939 shares of the bank’s stock valued at $1,029,000 after purchasing an additional 746 shares during the period. Institutional investors and hedge funds own 48.21% of the company’s stock.
Shares of TD stock traded down $0.69 on Wednesday, hitting $56.29. 541,233 shares of the stock traded hands, compared to its average volume of 1,226,304. The company has a market capitalization of $103.52 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.80 and a beta of 1.03. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.95 and a quick ratio of 0.95.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The firm had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.46 billion. Toronto-Dominion Bank had a net margin of 20.24% and a return on equity of 16.21%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. Equities research analysts expect that Toronto-Dominion Bank will post 5.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.5511 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.20 annualized dividend and a dividend yield of 3.92%. Toronto-Dominion Bank’s payout ratio is 44.14%.
Several brokerages have recently commented on TD. Zacks Investment Research downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th. Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 17th. BMO Capital Markets restated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 24th. Finally, National Bank Financial downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.00.
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About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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