Toronto Dominion Bank (The) $TD Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lessened its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 21.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 448,298 shares of the bank’s stock after selling 124,444 shares during the period. Toronto Dominion Bank makes up 2.6% of Cidel Asset Management Inc.’s holdings, making the stock its 4th largest position. Cidel Asset Management Inc.’s holdings in Toronto Dominion Bank were worth $54,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Financial Management LLC boosted its holdings in Toronto Dominion Bank by 77.2% during the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock worth $26,000 after buying an additional 95 shares in the last quarter. Bayban purchased a new stake in Toronto Dominion Bank in the 4th quarter worth about $28,000. Harvest Fund Management Co. Ltd lifted its position in shares of Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares in the last quarter. Continuum Advisory LLC acquired a new position in Toronto Dominion Bank in the 2nd quarter valued at approximately $43,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in Toronto Dominion Bank in the 4th quarter worth approximately $34,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

NYSE TD opened at $120.46 on Wednesday. Toronto Dominion Bank has a fifty-two week low of $74.64 and a fifty-two week high of $125.46. The stock’s 50-day moving average is $120.76 and its two-hundred day moving average is $110.55. The firm has a market cap of $198.13 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.24. The company had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. On average, analysts anticipate that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s payout ratio is 47.99%.

Analyst Ratings Changes

Several brokerages have weighed in on TD. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating under the TD name, is a Canadian financial services company headquartered in Toronto, Ontario. The bank traces its history to the formation of The Toronto-Dominion Bank in 1955 through the merger of The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869.

TD provides a broad range of banking and financial services to individuals, businesses and institutions. Its offerings include personal and commercial deposit accounts, mortgages, consumer and business lending, credit cards, payment services, investment products, insurance and wealth management.