Candriam Luxembourg S.C.A. Lowers Stake in The Toronto-Dominion Bank (TD)
Candriam Luxembourg S.C.A. decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,315 shares of the bank’s stock after selling 10,810 shares during the period. Candriam Luxembourg S.C.A.’s holdings in The Toronto-Dominion Bank were worth $6,871,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TD. Geode Capital Management LLC boosted its holdings in The Toronto-Dominion Bank by 3.8% in the first quarter. Geode Capital Management LLC now owns 17,914 shares of the bank’s stock valued at $897,000 after acquiring an additional 660 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in The Toronto-Dominion Bank by 33.5% in the first quarter. Dimensional Fund Advisors LP now owns 658,368 shares of the bank’s stock valued at $32,978,000 after acquiring an additional 165,292 shares during the last quarter. Fox Run Management L.L.C. bought a new position in The Toronto-Dominion Bank in the second quarter valued at about $267,000. Fisher Asset Management LLC boosted its holdings in The Toronto-Dominion Bank by 2.1% in the second quarter. Fisher Asset Management LLC now owns 17,753 shares of the bank’s stock valued at $894,000 after acquiring an additional 372 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in The Toronto-Dominion Bank by 12.2% in the second quarter. Eqis Capital Management Inc. now owns 11,883 shares of the bank’s stock valued at $599,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 47.31% of the company’s stock.
Shares of The Toronto-Dominion Bank (NYSE TD) traded down $0.16 on Monday, reaching $57.17. The company’s stock had a trading volume of 83,507 shares, compared to its average volume of 1,520,147. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The Toronto-Dominion Bank has a 12-month low of $45.18 and a 12-month high of $57.79. The company has a market capitalization of $105,979.84, a PE ratio of 14.09, a P/E/G ratio of 1.47 and a beta of 0.89.
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.05 billion. The Toronto-Dominion Bank had a return on equity of 15.73% and a net margin of 28.51%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 earnings per share. equities analysts expect that The Toronto-Dominion Bank will post 4.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.44. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.62%.
The Toronto-Dominion Bank announced that its board has approved a share buyback program on Thursday, August 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently issued reports on TD shares. Bank of America Corporation reiterated a “buy” rating on shares of The Toronto-Dominion Bank in a report on Friday, September 1st. Canaccord Genuity restated a “buy” rating and set a $72.00 target price on shares of The Toronto-Dominion Bank in a report on Thursday, August 31st. Zacks Investment Research upgraded The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub upgraded The Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, National Bank Financial upgraded The Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The Toronto-Dominion Bank has an average rating of “Buy” and an average price target of $66.33.
The Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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