Whittier Trust Co. cut its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,816 shares of the bank’s stock after selling 400 shares during the period. Whittier Trust Co.’s holdings in Toronto Dominion Bank (The) were worth $595,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in shares of Toronto Dominion Bank (The) by 46.1% in the first quarter. Acadian Asset Management LLC now owns 6,676,336 shares of the bank’s stock valued at $333,462,000 after buying an additional 2,106,791 shares during the period. Vanguard Group Inc. boosted its stake in shares of Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock valued at $1,979,418,000 after buying an additional 1,771,723 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Toronto Dominion Bank (The) by 75.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock valued at $157,344,000 after buying an additional 1,352,300 shares during the period. Beutel Goodman & Co Ltd. boosted its stake in shares of Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock valued at $1,302,551,000 after buying an additional 1,005,230 shares during the period. Finally, Lincluden Management Ltd. boosted its stake in shares of Toronto Dominion Bank (The) by 98.9% in the first quarter. Lincluden Management Ltd. now owns 1,960,781 shares of the bank’s stock valued at $98,069,000 after buying an additional 975,073 shares during the period. 52.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Toronto Dominion Bank (TD) traded up 0.15% during trading on Friday, reaching $52.11. 1,245,545 shares of the company’s stock traded hands. The company has a 50 day moving average price of $49.76 and a 200 day moving average price of $49.79. Toronto Dominion Bank has a 1-year low of $42.75 and a 1-year high of $54.44. The stock has a market capitalization of $96.06 billion, a PE ratio of 13.02 and a beta of 0.89.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the prior year, the company posted $1.20 EPS. Toronto Dominion Bank (The)’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Toronto Dominion Bank will post $4.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 10th will be given a $0.444 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, July 6th. Toronto Dominion Bank (The)’s payout ratio is 48.18%.
TD has been the topic of several analyst reports. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Royal Bank Of Canada raised their target price on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.71.
Toronto Dominion Bank (The) 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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