Montrusco Bolton Investments Inc. Sells 6,384 Shares of Toronto Dominion Bank (The) $TD

Montrusco Bolton Investments Inc. reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 367,619 shares of the bank’s stock after selling 6,384 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Toronto Dominion Bank were worth $34,224,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TD. Turn8 Private Wealth Inc. purchased a new stake in Toronto Dominion Bank during the first quarter valued at about $383,000. QRG Capital Management Inc. lifted its position in Toronto Dominion Bank by 5.4% in the 1st quarter. QRG Capital Management Inc. now owns 8,069 shares of the bank’s stock worth $753,000 after buying an additional 410 shares during the last quarter. HB Wealth Management LLC boosted its stake in Toronto Dominion Bank by 19.3% in the first quarter. HB Wealth Management LLC now owns 5,514 shares of the bank’s stock worth $515,000 after buying an additional 891 shares in the last quarter. Carter Financial Group INC. grew its position in Toronto Dominion Bank by 10.8% during the first quarter. Carter Financial Group INC. now owns 3,774 shares of the bank’s stock valued at $352,000 after acquiring an additional 369 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Toronto Dominion Bank by 40.6% during the first quarter. Private Advisor Group LLC now owns 31,537 shares of the bank’s stock worth $2,943,000 after acquiring an additional 9,110 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Royal Bank Of Canada increased their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Up 0.0%

Shares of TD stock opened at $119.31 on Friday. The company’s fifty day simple moving average is $112.94 and its two-hundred day simple moving average is $101.81. Toronto Dominion Bank has a 52 week low of $72.21 and a 52 week high of $122.65. The stock has a market cap of $197.15 billion, a P/E ratio of 18.61, a PEG ratio of 1.33 and a beta of 0.71. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping the consensus estimate of $1.63 by $0.11. The company had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm’s revenue was down 31.1% on a year-over-year basis. During the same quarter last year, the business posted $1.97 earnings per share. Analysts predict that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is 48.52%.

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.