Public Sector Pension Investment Board Sells 189,108 Shares of Toronto Dominion Bank (The) $TD

Public Sector Pension Investment Board lessened its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,477,621 shares of the bank’s stock after selling 189,108 shares during the period. Toronto Dominion Bank accounts for about 0.7% of Public Sector Pension Investment Board’s portfolio, making the stock its 24th largest position. Public Sector Pension Investment Board owned approximately 0.15% of Toronto Dominion Bank worth $198,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. HBK Sorce Advisory LLC raised its holdings in shares of Toronto Dominion Bank by 5.0% during the third quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after purchasing an additional 141 shares during the period. Tobam increased its position in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares in the last quarter. PDS Planning Inc raised its stake in Toronto Dominion Bank by 2.2% during the 3rd quarter. PDS Planning Inc now owns 7,808 shares of the bank’s stock worth $624,000 after buying an additional 169 shares during the period. Checchi Capital Advisers LLC boosted its holdings in Toronto Dominion Bank by 2.8% in the third quarter. Checchi Capital Advisers LLC now owns 7,202 shares of the bank’s stock worth $576,000 after acquiring an additional 199 shares in the last quarter. Finally, Cardinal Capital Management Inc. grew its stake in Toronto Dominion Bank by 1.2% in the third quarter. Cardinal Capital Management Inc. now owns 17,520 shares of the bank’s stock valued at $1,402,000 after acquiring an additional 200 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $95.64 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $93.92 and a 200-day moving average of $83.79. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.04. The company has a market cap of $160.52 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.34 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were issued a $1.08 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 37.37%.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of research reports. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Finally, Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Company 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.