Sustainable Insight Capital Management LLC Reduces Holdings in Toronto Dominion Bank (The) $TD

Sustainable Insight Capital Management LLC lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 56.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,513 shares of the bank’s stock after selling 38,400 shares during the period. Toronto Dominion Bank makes up approximately 0.9% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Sustainable Insight Capital Management LLC’s holdings in Toronto Dominion Bank were worth $2,782,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TD. AQR Capital Management LLC purchased a new stake in Toronto Dominion Bank in the first quarter valued at approximately $568,000. Focus Partners Wealth boosted its position in Toronto Dominion Bank by 27.7% in the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after buying an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Toronto Dominion Bank in the second quarter valued at approximately $259,000. Cresset Asset Management LLC purchased a new stake in Toronto Dominion Bank in the second quarter valued at approximately $211,000. Finally, NewEdge Advisors LLC boosted its position in Toronto Dominion Bank by 25.3% in the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after buying an additional 1,622 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TD. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Royal Bank Of Canada upped their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Weiss Ratings lowered Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Up 1.6%

Shares of TD opened at $116.28 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a one year low of $70.09 and a one year high of $116.45. The stock has a market capitalization of $192.14 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.27 and a beta of 0.72. The stock has a 50 day moving average price of $106.98 and a 200 day moving average price of $98.18.

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

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. The ex-dividend date is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 48.52%.

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.