Sustainable Insight Capital Management LLC lowered its stake in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 56.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,513 shares of the bank’s stock after selling 38,400 shares during the period. Toronto Dominion Bank comprises 0.9% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Sustainable Insight Capital Management LLC’s holdings in Toronto Dominion Bank were worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd raised its position in shares of Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after acquiring an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Toronto Dominion Bank during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC raised its position in shares of Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after acquiring an additional 274 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on TD. Royal Bank Of Canada raised their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings lowered Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.
Toronto Dominion Bank Trading Up 1.6%
Shares of TD stock opened at $116.28 on Friday. The business’s 50 day moving average is $106.98 and its two-hundred day moving average is $98.18. Toronto Dominion Bank has a twelve month low of $70.09 and a twelve month high of $116.45. The company has a market capitalization of $192.14 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last announced its earnings results 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. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $1.97 EPS. The company’s revenue was down 31.1% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a $1.12 dividend. 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 dividend yield of 3.9%. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 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.
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