M&T Bank Corp Sells 29,831 Shares of Toronto Dominion Bank (The) (NYSE:TD)

M&T Bank Corp cut its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 38.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,604 shares of the bank's stock after selling 29,831 shares during the period. M&T Bank Corp's holdings in Toronto Dominion Bank were worth $2,853,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TD. Financial Management Professionals Inc. lifted its stake in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Toronto Dominion Bank in the fourth quarter valued at approximately $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Toronto Dominion Bank in the first quarter valued at approximately $32,000. ORG Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the first quarter worth $34,000. Finally, CoreCap Advisors LLC lifted its position in shares of Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. 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 report on Friday, May 23rd. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD stock opened at $73.56 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $75.12. The company has a market capitalization of $126.56 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The business's fifty day moving average is $69.34 and its 200 day moving average is $62.14.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter last year, the business posted $2.04 earnings per share. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is currently 45.31%.

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.

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.