First Trust Advisors LP Sells 56,507 Shares of Toronto Dominion Bank (The) $TD

Key Points

• First Trust Advisors LP cut its stake in Toronto Dominion Bank by 9.0%, selling 56,507 shares and leaving it with 567,956 shares valued at about $45.41 million.
• TD beat quarterly expectations with EPS of $1.76 versus a $1.63 consensus and reported revenue of $11.01 billion, up 18.1% year‑over‑year.
• Dividend announced: TD declared a quarterly dividend of $1.08 ($4.32 annualized) implying a 4.5% yield, with an ex‑dividend date of April 9 and payment on April 30.

First Trust Advisors LP reduced its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 567,956 shares of the bank's stock after selling 56,507 shares during the period. First Trust Advisors LP's holdings in Toronto Dominion Bank were worth $45,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at $27,000. Mather Group LLC. purchased a new position in Toronto Dominion Bank in the 3rd quarter worth $30,000. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank in the second quarter worth $32,000. Sachetta LLC purchased a new stake in Toronto Dominion Bank during the third quarter valued at about $33,000. Finally, Tobam boosted its position in Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank's stock valued at $36,000 after buying an additional 151 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TD shares. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. National Bank Financial raised Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 18th. Zacks Research upgraded shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.0%

NYSE:TD opened at $95.90 on Thursday. The company has a 50-day moving average price of $95.50 and a 200-day moving average price of $86.91. The stock has a market cap of $160.27 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.09 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.84.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion for the quarter, compared to analysts' expectations of $10.43 billion. During the same quarter in the previous year, the company earned $2.02 earnings per share. Toronto Dominion Bank's quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank's payout ratio is presently 34.92%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada's largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD's core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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