Toronto Dominion Bank (The) $TD Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,302 shares of the bank’s stock after selling 63,900 shares during the period. Toronto Dominion Bank accounts for about 3.1% of Nicola Wealth Management LTD.’s holdings, making the stock its 4th biggest position. Nicola Wealth Management LTD.’s holdings in Toronto Dominion Bank were worth $34,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Main Line Retirement Advisors LLC raised its position in shares of Toronto Dominion Bank by 0.9% during the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Toronto Dominion Bank by 8.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after purchasing an additional 122 shares during the last quarter. Commons Capital LLC raised its position in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after purchasing an additional 134 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on TD shares. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy”.

Toronto Dominion Bank Trading Up 0.0%

Shares of TD opened at $111.92 on Monday. The stock has a fifty day moving average of $101.42 and a two-hundred day moving average of $95.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $185.37 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a fifty-two week low of $66.53 and a fifty-two week high of $112.32.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.02 EPS. As a group, analysts forecast that Toronto Dominion Bank will post 6.89 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.

Toronto Dominion Bank Company 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.