Coleford Investment Management Ltd. cut its stake in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 236,946 shares of the bank’s stock after selling 5,475 shares during the period. Toronto Dominion Bank makes up about 5.4% of Coleford Investment Management Ltd.’s investment portfolio, making the stock its 7th biggest holding. Coleford Investment Management Ltd.’s holdings in Toronto Dominion Bank were worth $22,345,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in shares of Toronto Dominion Bank during the first quarter valued at $568,000. Focus Partners Wealth increased its stake in shares of Toronto Dominion Bank by 27.7% during the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after buying an additional 5,410 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank during the second quarter valued at $259,000. Cresset Asset Management LLC purchased a new position in shares of Toronto Dominion Bank during the second quarter valued at $211,000. Finally, NewEdge Advisors LLC increased its stake in shares of Toronto Dominion Bank by 25.3% during the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after buying an additional 1,622 shares during the period. 52.37% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on TD. Royal Bank Of Canada raised their price target 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. 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. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note 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. Finally, Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. One investment 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 stock. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.
Toronto Dominion Bank Price Performance
Shares of TD stock opened at $114.66 on Wednesday. Toronto Dominion Bank has a fifty-two week low of $70.00 and a fifty-two week high of $115.40. The firm has a market capitalization of $189.47 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.26 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 stock’s 50-day simple moving average is $106.06 and its 200-day simple moving average is $97.71.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.83% and a net margin of 13.20%.The company’s revenue was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.97 earnings per share. As a group, equities analysts forecast that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal 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 paid a $1.12 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. 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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