Toronto Dominion Bank (The) $TD Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 91.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,518 shares of the bank’s stock after selling 46,976 shares during the period. Wasatch Advisors LP’s holdings in Toronto Dominion Bank were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Toronto Dominion Bank by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock worth $7,280,911,000 after acquiring an additional 765,107 shares in the last quarter. Norges Bank acquired a new position in Toronto Dominion Bank during the fourth quarter worth $2,125,963,000. Canerector Inc. lifted its holdings in Toronto Dominion Bank by 11,028.0% during the third 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 in the last quarter. Bank of Nova Scotia grew its position in shares of Toronto Dominion Bank by 6.8% in the fourth quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after purchasing an additional 1,234,510 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Toronto Dominion Bank by 10.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank’s stock valued at $1,606,978,000 after purchasing an additional 1,629,062 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TD shares. Royal Bank Of Canada upped 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 report on Monday, June 1st. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Stock Down 0.6%

Shares of NYSE TD opened at $119.81 on Friday. Toronto Dominion Bank has a 12-month low of $72.04 and a 12-month high of $120.98. The stock has a market cap of $197.98 billion, a PE ratio of 18.69, a P/E/G ratio of 1.33 and a beta of 0.72. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $111.40 and a 200 day moving average of $100.75.

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

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s payout ratio is 48.52%.

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.