TD Waterhouse Canada Inc. Sells 111,253 Shares of Toronto Dominion Bank (The) $TD

TD Waterhouse Canada Inc. lowered its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,287,287 shares of the bank’s stock after selling 111,253 shares during the period. Toronto Dominion Bank comprises 4.9% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 2nd largest holding. TD Waterhouse Canada Inc.’s holdings in Toronto Dominion Bank were worth $745,941,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank during the third quarter worth approximately $27,000. Mather Group LLC. purchased a new position in Toronto Dominion Bank during the third quarter worth about $30,000. Quaker Wealth Management LLC boosted its stake in Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Toronto Dominion Bank in the 2nd quarter valued at about $32,000. Finally, Sachetta LLC acquired a new position in shares of Toronto Dominion Bank during the 3rd quarter valued at about $33,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Down 2.6%

Shares of NYSE TD opened at $93.61 on Thursday. The stock has a fifty day moving average price of $91.17 and a 200 day moving average price of $82.20. 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 $54.14 and a 12-month high of $96.44. The company has a market cap of $157.11 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.34 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be paid a dividend of $1.08 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, January 9th. Toronto Dominion Bank’s payout ratio is 37.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TD shares. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.