Guardian Partners Inc. Sells 13,202 Shares of Toronto Dominion Bank (The) $TD

Guardian Partners Inc. decreased its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 702,815 shares of the bank’s stock after selling 13,202 shares during the period. Toronto Dominion Bank comprises 5.5% of Guardian Partners Inc.’s holdings, making the stock its 2nd largest position. Guardian Partners Inc.’s holdings in Toronto Dominion Bank were worth $65,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at about $2,125,963,000. Auto Owners Insurance Co boosted its stake in Toronto Dominion Bank by 9,320.0% during the 4th quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock worth $396,544,000 after acquiring an additional 3,923,347 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toronto Dominion Bank by 41.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock worth $1,121,660,000 after acquiring an additional 3,496,645 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $299,850,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Toronto Dominion Bank by 25.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after purchasing an additional 3,129,457 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Price Performance

NYSE TD opened at $120.42 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $198.06 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.33 and a beta of 0.71. The business has a 50 day simple moving average of $117.76 and a 200 day simple moving average of $105.13. Toronto Dominion Bank has a 52-week low of $72.21 and a 52-week high of $124.87.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business’s revenue was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.97 earnings per share. Analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 49.14%.

About Toronto Dominion Bank

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.