Maryland State Retirement & Pension System Sells 3,724 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Maryland State Retirement & Pension System reduced its holdings in Toronto Dominion Bank by 1.7%, selling 3,724 shares, leaving the fund with 216,943 shares valued at approximately $15.97 million.
• Toronto Dominion Bank has recently increased its quarterly dividend to $1.05 per share, reflecting a boost from its previous dividend of $0.76 and indicating a yield of 5.2% for shareholders.
• Analysts have mixed ratings on Toronto Dominion Bank, with a consensus rating of "Hold" and an average target price of $93.00, while some brokerages have issued "Sell" and "Buy" ratings concurrently.

Maryland State Retirement & Pension System decreased its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 216,943 shares of the bank's stock after selling 3,724 shares during the period. Maryland State Retirement & Pension System's holdings in Toronto Dominion Bank were worth $15,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TD. NBC Securities Inc. increased its stake in shares of Toronto Dominion Bank by 96,550.0% in the 1st quarter. NBC Securities Inc. now owns 1,933 shares of the bank's stock valued at $115,000 after purchasing an additional 1,931 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Toronto Dominion Bank in the 1st quarter valued at $915,000. Farther Finance Advisors LLC increased its stake in shares of Toronto Dominion Bank by 42.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank's stock valued at $167,000 after purchasing an additional 842 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Toronto Dominion Bank by 1.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,834 shares of the bank's stock valued at $3,465,000 after purchasing an additional 672 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its stake in shares of Toronto Dominion Bank by 14.3% in the 1st quarter. Donaldson Capital Management LLC now owns 14,478 shares of the bank's stock valued at $868,000 after purchasing an additional 1,813 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TD. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Wednesday. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.5%

NYSE TD opened at $80.52 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 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 $82.08. The company has a market cap of $136.95 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80. The business's fifty day moving average is $76.09 and its 200 day moving average is $70.07.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. As a group, sell-side analysts expect 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 Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 36.10%.

About Toronto Dominion Bank

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.

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.