Korea Investment CORP Sells 55,160 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Korea Investment CORP trimmed its stake in Toronto Dominion Bank by 5.5%, selling 55,160 shares and now owns 949,203 shares worth about $75.9 million (≈0.06% of the company).
• TD beat quarterly expectations with $1.76 EPS and $11.01 billion in revenue (revenue +18.1% YoY), and announced a quarterly dividend of $1.08 (annualized $4.32) representing a 4.5% yield.
• Institutional ownership is roughly 52.37% (Vanguard increased to 77.19M shares), analysts rate TD a consensus "Moderate Buy" with an average target of $93, and the stock trades in the mid‑$90s (market cap ≈ $160B, P/E ~10.6).

Korea Investment CORP trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 949,203 shares of the bank's stock after selling 55,160 shares during the period. Korea Investment CORP owned about 0.06% of Toronto Dominion Bank worth $75,914,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TD. Vanguard Group Inc. increased its holdings in Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank's stock worth $5,677,291,000 after purchasing an additional 2,552,603 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Toronto Dominion Bank by 0.7% during the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank's stock worth $3,008,096,000 after buying an additional 246,999 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Toronto Dominion Bank by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank's stock worth $1,656,213,000 after buying an additional 101,678 shares during the period. Canerector Inc. grew its holdings in shares of Toronto Dominion Bank by 11,028.0% during the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank's stock worth $1,779,367,000 after buying an additional 22,056,000 shares in the last quarter. Finally, Norges Bank acquired a new stake in Toronto Dominion Bank in the 2nd quarter valued at approximately $1,543,639,000. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Down 1.5%

Toronto Dominion Bank stock opened at $95.64 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The company's 50-day moving average is $95.43 and its 200-day moving average is $86.54. The firm has a market capitalization of $159.84 billion, a PE ratio of 10.57, a P/E/G ratio of 1.09 and a beta of 0.66. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its 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 business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period last year, the business posted $2.02 EPS. Toronto Dominion Bank's revenue was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on TD. Raymond James Financial upgraded Toronto Dominion Bank to a "hold" rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. National Bank Financial upgraded shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 18th. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.00.

Toronto Dominion Bank 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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