Toronto Dominion Bank (The) $TD Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 13.1% during the first quarter, Holdings Channel.com reports. The fund owned 94,929 shares of the bank’s stock after selling 14,330 shares during the period. Cumberland Partners Ltd’s holdings in Toronto Dominion Bank were worth $8,847,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TD. Bayban acquired a new stake in Toronto Dominion Bank in the 4th quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd lifted its stake in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of Toronto Dominion Bank during the fourth quarter worth $34,000. Brown Lisle Cummings Inc. boosted its position in shares of Toronto Dominion Bank by 88.4% during the first quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after buying an additional 191 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Up 0.5%

Toronto Dominion Bank stock opened at $119.82 on Friday. The stock has a market cap of $197.09 billion, a PE ratio of 18.69, a P/E/G ratio of 1.33 and a beta of 0.71. 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 stock’s fifty day moving average is $117.29 and its two-hundred day moving average is $104.71. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $124.87.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the firm posted $1.97 EPS. The business’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, sell-side analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared 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. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is currently 49.14%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TD. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Read Our Latest Research Report on Toronto Dominion Bank

Toronto Dominion Bank Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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