Keystone Financial Planning Inc. Reduces Holdings in Toronto Dominion Bank (The) $TD

Keystone Financial Planning Inc. lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 96.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,104 shares of the bank’s stock after selling 114,695 shares during the quarter. Keystone Financial Planning Inc.’s holdings in Toronto Dominion Bank were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its stake in shares of Toronto Dominion Bank by 18.5% during the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock worth $917,832,000 after buying an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company raised its stake in Toronto Dominion Bank by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after acquiring an additional 115,203 shares during the last quarter. Triasima Portfolio Management inc. purchased a new position in Toronto Dominion Bank in the 2nd quarter worth $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Toronto Dominion Bank by 41.9% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after acquiring an additional 1,302,281 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in Toronto Dominion Bank during the 2nd quarter valued at about $267,475,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.5%

Toronto Dominion Bank stock opened at $91.18 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $92.24. The stock’s 50 day simple moving average is $83.17 and its two-hundred day simple moving average is $77.53. The firm has a market cap of $154.04 billion, a PE ratio of 10.82, a P/E/G ratio of 1.28 and a beta of 0.69.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. Toronto Dominion Bank’s payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.