ASR Vermogensbeheer N.V. Cuts Stock Holdings in Toronto Dominion Bank (The) $TD

Key Points

• ASR Vermogensbeheer N.V. has significantly reduced its stake in Toronto Dominion Bank by 56.3%, selling 320,256 shares and holding 248,687 shares worth approximately $18.25 million.
• Toronto Dominion Bank recently increased its dividend to $1.05 per share, resulting in a quarterly cash return of $4.20 on an annualized basis, with an associated yield of 5.2%.
• Analysts have a consensus "Hold" rating on Toronto Dominion Bank's stock, with a price target set at $93.00, reflecting mixed perspectives on its current valuation.

ASR Vermogensbeheer N.V. trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 56.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,687 shares of the bank's stock after selling 320,256 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Toronto Dominion Bank were worth $18,254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Gold Investment Management Ltd. grew its stake in shares of Toronto Dominion Bank by 1.2% in the 2nd quarter. Gold Investment Management Ltd. now owns 114,797 shares of the bank's stock worth $8,458,000 after buying an additional 1,334 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of Toronto Dominion Bank by 17.8% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 53,000 shares of the bank's stock worth $3,893,000 after buying an additional 8,000 shares in the last quarter. Truist Financial Corp grew its stake in shares of Toronto Dominion Bank by 6.6% in the 2nd quarter. Truist Financial Corp now owns 17,159 shares of the bank's stock worth $1,260,000 after buying an additional 1,059 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Toronto Dominion Bank in the 2nd quarter worth $229,000. Finally, Signaturefd LLC grew its stake in shares of Toronto Dominion Bank by 8.3% in the 2nd quarter. Signaturefd LLC now owns 23,186 shares of the bank's stock worth $1,703,000 after buying an additional 1,774 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Finally, Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

TD stock opened at $80.42 on Thursday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $75.45 and a 200 day moving average price of $69.35. The stock has a market cap of $136.77 billion, a PE ratio of 9.39, a P/E/G ratio of 1.72 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the previous year, the company earned $2.05 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, October 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is 36.10%.

Toronto Dominion Bank Company Profile

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.

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