Toronto Dominion Bank (The) $TD Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,194 shares of the bank’s stock after selling 5,988 shares during the period. Modera Wealth Management LLC’s holdings in Toronto Dominion Bank were worth $8,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Toronto Dominion Bank by 0.7% in the first quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank’s stock worth $4,472,194,000 after acquiring an additional 516,288 shares during the period. TD Asset Management Inc lifted its stake in shares of Toronto Dominion Bank by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after purchasing an additional 329,429 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock worth $1,752,806,000 after purchasing an additional 1,262,062 shares during the period. Federation des caisses Desjardins du Quebec increased its position in shares of Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Toronto Dominion Bank by 17.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock valued at $825,440,000 after buying an additional 2,057,784 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Stock Up 0.6%

Shares of NYSE:TD opened at $80.90 on Friday. The firm has a 50 day simple moving average of $79.09 and a 200-day simple moving average of $73.43. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $82.88. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $137.24 billion, a PE ratio of 9.45, a P/E/G ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the business earned $2.05 EPS. Toronto Dominion Bank’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were given a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. Toronto Dominion Bank’s payout ratio is currently 35.16%.

About Toronto Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.