M&T Bank Corp Reduces Stock Holdings in Toronto Dominion Bank (The) (NYSE:TD)

M&T Bank Corp trimmed its position in shares of 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 filing with the Securities and Exchange Commission (SEC). The fund owned 47,604 shares of the bank's stock after selling 29,831 shares during the quarter. M&T Bank Corp's holdings in Toronto Dominion Bank were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC increased its position in shares of Toronto Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock valued at $290,000 after purchasing an additional 171 shares during the period. MFA Wealth Services grew its position in Toronto Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after acquiring an additional 179 shares during the period. Hexagon Capital Partners LLC grew its position in Toronto Dominion Bank by 14.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after acquiring an additional 190 shares during the period. JFS Wealth Advisors LLC grew its position in Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after acquiring an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after acquiring an additional 202 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

TD stock traded down $0.55 during midday trading on Tuesday, reaching $73.48. 1,292,124 shares of the stock were exchanged, compared to its average volume of 2,286,125. The stock has a market capitalization of $126.42 billion, a PE ratio of 10.77, a P/E/G ratio of 1.66 and a beta of 0.83. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $69.54 and a 200 day moving average price of $62.41.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same period in the previous year, the business earned $2.04 EPS. As a group, analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. 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. Toronto Dominion Bank's dividend payout ratio is 45.31%.

Analyst Ratings Changes

A number of analysts have recently commented on TD shares. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada increased their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Finally, Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $93.00.

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.