Bessemer Group Inc. Reduces Position in Toronto Dominion Bank (The) $TD

Bessemer Group Inc. trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 688,990 shares of the bank’s stock after selling 15,524 shares during the period. Bessemer Group Inc.’s holdings in Toronto Dominion Bank were worth $64,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Main Line Retirement Advisors LLC boosted its position in Toronto Dominion Bank by 0.9% in the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. boosted its position in Toronto Dominion Bank by 12.4% in the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after purchasing an additional 122 shares during the last quarter. Commons Capital LLC boosted its position in Toronto Dominion Bank by 0.7% in the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after purchasing an additional 134 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TD shares. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.5%

NYSE TD opened at $107.69 on Friday. The stock’s 50-day moving average price is $100.04 and its 200-day moving average price is $93.97. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52 week low of $64.12 and a 52 week high of $109.22. The company has a market capitalization of $178.34 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter last year, the company earned $2.02 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post 6.91 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.36%.

About Toronto Dominion Bank

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.