Montrusco Bolton Investments Inc. Sells 42,613 Shares of Toronto Dominion Bank (The) $TD

Montrusco Bolton Investments Inc. cut its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,649 shares of the bank's stock after selling 42,613 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Toronto Dominion Bank were worth $39,172,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Balanced Rock Investment Advisors LLC raised its position in Toronto Dominion Bank by 1.1% in the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after buying an additional 163 shares during the last quarter. Wright Investors Service Inc. raised its position in Toronto Dominion Bank by 3.1% in the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank's stock valued at $428,000 after buying an additional 173 shares during the last quarter. MFA Wealth Services raised its position in Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after buying an additional 179 shares during the last quarter. Intrua Financial LLC raised its position in Toronto Dominion Bank by 2.4% in the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank's stock valued at $468,000 after buying an additional 183 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Toronto Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after buying an additional 190 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. Royal Bank Of Canada raised Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 1.8%

Shares of NYSE TD opened at $78.36 on Monday. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.08. The business has a 50-day simple moving average of $76.35 and a two-hundred day simple moving average of $70.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market cap of $133.28 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.60 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued 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. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter last year, the company earned $2.05 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share 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 paid a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.4%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio is 35.75%.

Toronto Dominion Bank Company 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.

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