Beaton Management Co. Inc. Sells 4,100 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Beaton Management Co. Inc. cut its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,572 shares of the bank's stock after selling 4,100 shares during the quarter. Toronto Dominion Bank comprises approximately 2.2% of Beaton Management Co. Inc.'s holdings, making the stock its 12th largest holding. Beaton Management Co. Inc.'s holdings in Toronto Dominion Bank were worth $4,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TD. Frank Rimerman Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after buying an additional 171 shares during the period. MFA Wealth Services grew its position in Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after acquiring an additional 179 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after purchasing an additional 194 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after purchasing an additional 202 shares during the period. Finally, CoreCap Advisors LLC boosted its stake in shares of Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 0.8%

Toronto Dominion Bank stock traded up $0.57 during midday trading on Tuesday, hitting $74.02. 1,311,389 shares of the company's stock were exchanged, compared to its average volume of 2,320,196. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $127.35 billion, a PE ratio of 10.85, a P/E/G ratio of 1.77 and a beta of 0.82. The firm has a 50-day moving average of $67.28 and a two-hundred day moving average of $60.91. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $74.11.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion for 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 last year, the firm earned $2.04 earnings per share. As a group, analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. 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 dividend yield of 4.09%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 42.82%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TD shares. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Finally, Scotiabank began coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $93.00.

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.