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Deutsche Bank AG Sells 72,064 Shares of Toronto Dominion Bank (The) (NYSE:TD)

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Key Points

  • Deutsche Bank AG has sold 72,064 shares of Toronto Dominion Bank, reducing its stake by 1% to approximately 6.9 million shares, valued at $414.7 million.
  • Toronto Dominion Bank recently increased its quarterly dividend to $0.7568 per share, yielding 4.2%, up from the previous $0.73.
  • Analysts have generally rated Toronto Dominion Bank as a "Hold", with an average target price of $93.00, reflecting cautious optimism for the stock's future performance.
  • Want stock alerts on Toronto Dominion Bank? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Deutsche Bank AG decreased its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,918,838 shares of the bank's stock after selling 72,064 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Toronto Dominion Bank worth $414,715,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TD. Larson Financial Group LLC grew its position in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after purchasing an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Toronto Dominion Bank during the first quarter worth $32,000. CoreCap Advisors LLC increased its stake 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 valued at $34,000 after buying an additional 230 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the first quarter valued at $34,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on TD shares. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Royal Bank Of Canada increased their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $93.00.

Read Our Latest Report on Toronto Dominion Bank

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $72.87 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $75.58. The stock has a market capitalization of $124.99 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.66 and a beta of 0.84. The business has a 50-day moving average price of $72.62 and a two-hundred day moving average price of $64.70.

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. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. Equities analysts predict 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 was paid on Thursday, July 31st. Investors 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 4.2%. 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 presently 45.31%.

Toronto Dominion Bank Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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