Five Oceans Advisors Sells 4,413 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Five Oceans Advisors reduced its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 54.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,680 shares of the bank's stock after selling 4,413 shares during the period. Five Oceans Advisors' holdings in Toronto Dominion Bank were worth $221,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Cardinal Capital Management lifted its holdings in Toronto Dominion Bank by 1.2% during the 1st quarter. Cardinal Capital Management now owns 45,212 shares of the bank's stock valued at $2,710,000 after purchasing an additional 527 shares during the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in shares of Toronto Dominion Bank by 0.9% in the first quarter. Lorne Steinberg Wealth Management Inc. now owns 148,842 shares of the bank's stock valued at $8,928,000 after purchasing an additional 1,400 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Toronto Dominion Bank by 4.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,555 shares of the bank's stock worth $1,772,000 after buying an additional 1,308 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of Toronto Dominion Bank by 137.8% during the 1st quarter. Hanson & Doremus Investment Management now owns 17,661 shares of the bank's stock worth $1,059,000 after buying an additional 10,235 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Toronto Dominion Bank by 802.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 32,823 shares of the bank's stock worth $1,967,000 after buying an additional 29,185 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

NYSE TD traded down $0.47 during trading on Friday, reaching $70.84. The company's stock had a trading volume of 1,554,825 shares, compared to its average volume of 2,330,338. The firm has a 50 day moving average price of $65.60 and a 200 day moving average price of $59.92. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $71.63. The firm has a market capitalization of $122.03 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. 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 (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The company 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 business earned $2.04 earnings per share. As a group, equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is presently 42.82%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TD. Scotiabank began coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank Of Canada increased their target price on 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, Wall Street Zen upgraded 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, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.