Crossmark Global Holdings Inc. cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.3% in the first quarter, HoldingsChannel.com reports. The fund owned 292,389 shares of the bank’s stock after selling 13,176 shares during the period. Crossmark Global Holdings Inc.’s holdings in The Toronto-Dominion Bank were worth $19,067,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Leavell Investment Management Inc. acquired a new position in The Toronto-Dominion Bank during the first quarter worth $224,000. Welch & Forbes LLC raised its position in shares of The Toronto-Dominion Bank by 0.5% in the first quarter. Welch & Forbes LLC now owns 363,878 shares of the bank’s stock valued at $23,728,000 after buying an additional 1,862 shares during the last quarter. Hartford Financial Management Inc. raised its position in shares of The Toronto-Dominion Bank by 2.8% in the first quarter. Hartford Financial Management Inc. now owns 10,484 shares of the bank’s stock valued at $684,000 after buying an additional 286 shares during the last quarter. Richard P Slaughter Associates Inc acquired a new stake in shares of The Toronto-Dominion Bank in the first quarter valued at about $908,000. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of The Toronto-Dominion Bank in the first quarter valued at about $23,791,000. Institutional investors own 48.01% of the company’s stock.
A number of brokerages have recently commented on TD. Scotiabank increased their target price on shares of The Toronto-Dominion Bank from $82.00 to $91.00 and gave the company a “sector perform” rating in a research report on Friday, February 26th. Zacks Investment Research upgraded shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, March 2nd. Desjardins raised their price objective on shares of The Toronto-Dominion Bank from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Canaccord Genuity raised their price objective on shares of The Toronto-Dominion Bank from $77.50 to $83.00 and gave the stock a “hold” rating in a research report on Friday, February 26th. Finally, CIBC raised their price objective on shares of The Toronto-Dominion Bank from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $76.08.
TD stock opened at $66.24 on Monday. The business has a fifty day moving average of $64.82 and a two-hundred day moving average of $56.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The stock has a market cap of $120.46 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The Toronto-Dominion Bank has a 52-week low of $37.62 and a 52-week high of $67.23.
The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Wednesday, February 24th. The bank reported $1.83 EPS for the quarter, topping the consensus estimate of $1.17 by $0.66. The Toronto-Dominion Bank had a return on equity of 11.63% and a net margin of 22.23%. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $7.54 billion. As a group, sell-side analysts anticipate that The Toronto-Dominion Bank will post 4.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Friday, April 9th will be given a dividend of $0.6314 per share. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, April 8th. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 62.16%.
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 chequing, 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; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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