Toronto Dominion Bank (The) $TD Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,795 shares of the bank’s stock after selling 550 shares during the quarter. Whittier Trust Co.’s holdings in Toronto Dominion Bank were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Probity Advisors Inc. grew its position in shares of Toronto Dominion Bank by 1.8% during the second quarter. Probity Advisors Inc. now owns 25,484 shares of the bank’s stock worth $1,872,000 after buying an additional 449 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Toronto Dominion Bank by 2.0% during the second quarter. Cidel Asset Management Inc. now owns 548,715 shares of the bank’s stock worth $40,278,000 after purchasing an additional 10,554 shares during the last quarter. Private Trust Co. NA lifted its stake in Toronto Dominion Bank by 126.0% during the second quarter. Private Trust Co. NA now owns 1,270 shares of the bank’s stock worth $93,000 after purchasing an additional 708 shares during the last quarter. Commons Capital LLC lifted its stake in Toronto Dominion Bank by 1.2% during the second quarter. Commons Capital LLC now owns 18,117 shares of the bank’s stock worth $1,331,000 after purchasing an additional 213 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Toronto Dominion Bank by 9.8% in the 2nd quarter. Ritholtz Wealth Management now owns 7,854 shares of the bank’s stock valued at $577,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

TD stock opened at $80.92 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $137.63 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.66 and a beta of 0.80. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. The stock’s fifty day moving average is $77.50 and its two-hundred day moving average is $71.60.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. On average, research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.75%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TD shares. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.00.

About Toronto Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.