Citigroup Inc. Sells 163,089 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Key Points

• Citigroup Inc. has reduced its stake in Toronto Dominion Bank by 20.4%, selling 163,089 shares and now holding 636,879 shares worth approximately $38.15 million.
• Toronto Dominion Bank recently increased its quarterly dividend to $0.7568 per share, which translates to an annualized dividend of $3.03 and a yield of 4.1%.
• Analysts have set a new price target for Toronto Dominion Bank at $93.00, with a consensus rating of "Hold" from multiple financial research teams.

Citigroup Inc. trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 636,879 shares of the bank's stock after selling 163,089 shares during the period. Citigroup Inc.'s holdings in Toronto Dominion Bank were worth $38,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TD. MFA Wealth Services grew its stake 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 buying an additional 179 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after buying an additional 190 shares in the last quarter. JFS Wealth Advisors LLC increased its position in shares of Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after buying an additional 194 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 buying an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after buying an additional 230 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $73.08 on Tuesday. The firm has a fifty day simple moving average of $72.78 and a two-hundred day simple moving average of $65.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $75.58. The company has a market capitalization of $125.35 billion, a PE ratio of 10.72, a P/E/G ratio of 1.66 and a beta of 0.84.

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 EPS for the quarter, topping the consensus estimate 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 return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the previous year, the business earned $2.04 earnings per share. Research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

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

Analysts Set New Price Targets

TD has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Scotiabank started coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank 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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