Lombard Odier Asset Management Switzerland SA Sells 22,662 Shares of Toronto Dominion Bank (The) $TD

Lombard Odier Asset Management Switzerland SA trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 16.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 113,772 shares of the bank’s stock after selling 22,662 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Toronto Dominion Bank were worth $10,723,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in shares of Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in shares of Toronto Dominion Bank in the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC boosted its stake in shares of Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Up 0.8%

Toronto Dominion Bank stock opened at $118.24 on Wednesday. The company’s 50 day simple moving average is $108.33 and its 200 day simple moving average is $98.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $195.39 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.30 and a beta of 0.72. Toronto Dominion Bank has a fifty-two week low of $70.50 and a fifty-two week high of $118.60.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s revenue for the quarter was down 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 earnings per share. As a group, sell-side analysts anticipate that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

Analyst Ratings Changes

TD has been the topic of several recent research reports. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Profile

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.