Toronto Dominion Bank (The) $TD Shares Sold by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. reduced its stake in Toronto Dominion Bank by 0.7%, selling 11,199 shares, which now represents about 4.9% of its portfolio.
• Toronto Dominion Bank's recent earnings report showed $1.39 earnings per share for the quarter, exceeding the consensus estimate by $0.14, despite lower revenue than expected.
• The bank announced a quarterly dividend increase to $0.7568, reflecting an annualized total of $3.03 and a yield of 4.1%.

Aviso Financial Inc. lessened its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,651,246 shares of the bank's stock after selling 11,199 shares during the quarter. Toronto Dominion Bank makes up about 4.9% of Aviso Financial Inc.'s holdings, making the stock its 3rd biggest holding. Aviso Financial Inc. owned 0.10% of Toronto Dominion Bank worth $98,983,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Balanced Rock Investment Advisors LLC boosted its position in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock worth $898,000 after purchasing an additional 163 shares during the period. MFA Wealth Services lifted its position in shares of Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after acquiring an additional 179 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Toronto Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after acquiring an additional 190 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Toronto Dominion Bank by 6.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after acquiring an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Toronto Dominion Bank by 14.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after acquiring an additional 202 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TD. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note 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. Royal Bank Of Canada boosted their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Scotiabank initiated coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Trading Up 0.5%

Shares of TD traded up $0.3650 on Wednesday, reaching $73.6750. 1,621,568 shares of the company's stock were exchanged, compared to its average volume of 1,719,135. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $126.37 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. The business has a 50 day moving average price of $73.30 and a two-hundred day moving average price of $65.72. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.58.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the previous year, the firm posted $2.04 earnings per share. Research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a dividend of $0.7568 per share. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is presently 45.31%.

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.