Rosenberg Matthew Hamilton lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 32.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,061 shares of the bank’s stock after selling 998 shares during the period. Rosenberg Matthew Hamilton’s holdings in The Toronto-Dominion Bank were worth $95,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. TD Asset Management Inc. lifted its holdings in shares of The Toronto-Dominion Bank by 0.5% during the second quarter. TD Asset Management Inc. now owns 48,768,200 shares of the bank’s stock worth $2,169,504,000 after purchasing an additional 230,335 shares during the period. Jarislowsky Fraser Ltd increased its holdings in The Toronto-Dominion Bank by 2.6% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 22,179,986 shares of the bank’s stock worth $986,701,000 after acquiring an additional 553,286 shares during the period. 1832 Asset Management L.P. increased its holdings in The Toronto-Dominion Bank by 10.8% during the 1st quarter. 1832 Asset Management L.P. now owns 21,180,405 shares of the bank’s stock worth $883,332,000 after acquiring an additional 2,071,148 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of The Toronto-Dominion Bank by 10.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,988,895 shares of the bank’s stock worth $756,157,000 after buying an additional 1,742,212 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of The Toronto-Dominion Bank by 3.8% in the 1st quarter. Capital Research Global Investors now owns 16,924,447 shares of the bank’s stock worth $719,526,000 after buying an additional 622,871 shares during the last quarter. Institutional investors own 47.67% of the company’s stock.
Several equities analysts recently commented on TD shares. Royal Bank of Canada increased their target price on shares of The Toronto-Dominion Bank from $61.00 to $69.00 and gave the company a “sector perform” rating in a report on Friday, August 28th. Zacks Investment Research raised shares of The Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a report on Saturday, October 10th. CIBC started coverage on shares of The Toronto-Dominion Bank in a report on Friday, July 24th. They set a “neutral” rating on the stock. CSFB started coverage on shares of The Toronto-Dominion Bank in a report on Friday, October 9th. They set an “underperform” rating and a $59.00 target price on the stock. Finally, BofA Securities lowered shares of The Toronto-Dominion Bank from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 6th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $67.50.
Shares of NYSE:TD traded down $0.06 on Friday, hitting $45.79. The company had a trading volume of 1,303,523 shares, compared to its average volume of 2,025,668. The firm’s 50-day simple moving average is $47.50 and its two-hundred day simple moving average is $44.63. The Toronto-Dominion Bank has a 1 year low of $33.74 and a 1 year high of $58.40. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $83.06 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.84 and a beta of 0.91.
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 27th. The bank reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.50. The Toronto-Dominion Bank had a net margin of 17.44% and a return on equity of 11.84%. The firm had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $9.99 billion. During the same period last year, the company posted $1.79 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that The Toronto-Dominion Bank will post 3.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be given a dividend of $0.589 per share. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.57. This represents a $2.36 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, October 8th. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is 47.12%.
The Toronto-Dominion Bank Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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