Crossmark Global Holdings Inc. Sells 21,264 Shares of Toronto Dominion Bank (The) $TD

Crossmark Global Holdings Inc. lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,995 shares of the bank’s stock after selling 21,264 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Toronto Dominion Bank were worth $18,369,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Canerector Inc. grew its holdings in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after purchasing an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Toronto Dominion Bank by 25.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock worth $1,432,854,000 after purchasing an additional 3,129,457 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Toronto Dominion Bank by 5,566.3% during the third quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after buying an additional 2,408,334 shares during the period. Caisse de depot et placement du Quebec grew its stake in shares of Toronto Dominion Bank by 70.1% during the third quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock valued at $188,746,000 after buying an additional 972,513 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Toronto Dominion Bank by 85.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,845,369 shares of the bank’s stock valued at $147,556,000 after buying an additional 848,662 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $107.40 on Friday. The business’s 50-day moving average is $98.90 and its two-hundred day moving average is $92.93. Toronto Dominion Bank has a 1 year low of $62.79 and a 1 year high of $109.22. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $177.88 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same period in the prior year, the firm posted $2.02 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Research analysts anticipate that Toronto Dominion Bank will post 6.9 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research analyst reports. 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. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.