JARISLOWSKY FRASER Ltd Sells 267,746 Shares of Toronto Dominion Bank (The) $TD

JARISLOWSKY FRASER Ltd lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,728,785 shares of the bank’s stock after selling 267,746 shares during the period. Toronto Dominion Bank accounts for approximately 5.2% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 2nd biggest holding. JARISLOWSKY FRASER Ltd’s holdings in Toronto Dominion Bank were worth $938,033,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TD. Norges Bank purchased a new position in shares of Toronto Dominion Bank in the second quarter worth about $1,543,639,000. Goldman Sachs Group Inc. lifted its position in Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after buying an additional 5,917,078 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Toronto Dominion Bank during the second quarter worth approximately $267,475,000. Vanguard Group Inc. boosted its stake in Toronto Dominion Bank by 3.4% during the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after buying an additional 2,552,603 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Toronto Dominion Bank by 1,477.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock valued at $195,749,000 after buying an additional 2,497,700 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD opened at $94.49 on Friday. The stock’s 50-day moving average price is $86.58 and its 200 day moving average price is $79.46. 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 $53.03 and a 12-month high of $95.05. The firm has a market cap of $159.64 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.31 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.10 billion. During the same quarter in the previous year, the business posted $1.72 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is presently 36.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TD shares. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.