Toronto-Dominion Bank (TD) Shares Sold by Private Capital Group LLC

Private Capital Group LLC lessened its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,250 shares of the bank’s stock after selling 200 shares during the quarter. Private Capital Group LLC’s holdings in Toronto-Dominion Bank were worth $112,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC increased its position in Toronto-Dominion Bank by 342.5% in the 4th quarter. CWM LLC now owns 24,070 shares of the bank’s stock valued at $1,197,000 after buying an additional 18,630 shares in the last quarter. Cox Capital Mgt LLC increased its holdings in Toronto-Dominion Bank by 2.2% during the 4th quarter. Cox Capital Mgt LLC now owns 13,748 shares of the bank’s stock worth $748,000 after purchasing an additional 294 shares in the last quarter. Payden & Rygel increased its holdings in Toronto-Dominion Bank by 60.5% during the 4th quarter. Payden & Rygel now owns 425,100 shares of the bank’s stock worth $21,136,000 after purchasing an additional 160,300 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Toronto-Dominion Bank by 113.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 30,824 shares of the bank’s stock worth $1,532,000 after purchasing an additional 16,389 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in Toronto-Dominion Bank by 1.2% during the 4th quarter. NewSquare Capital LLC now owns 24,919 shares of the bank’s stock worth $1,239,000 after purchasing an additional 290 shares in the last quarter. 47.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TD stock opened at $56.08 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.12. Toronto-Dominion Bank has a 1 year low of $47.73 and a 1 year high of $62.00. The firm has a market cap of $102.14 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, November 29th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 5.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be issued a dividend of $0.509 per share. The ex-dividend date is Wednesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 3.63%. Toronto-Dominion Bank’s payout ratio is 39.17%.

A number of brokerages have commented on TD. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, January 15th. Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 30th. TheStreet downgraded Toronto-Dominion Bank from a “b-” rating to a “c” rating in a research note on Thursday, November 29th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Toronto-Dominion Bank in a research note on Monday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.00.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Read More: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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