Public Employees Retirement System of Ohio Reduces Position in The Toronto-Dominion Bank (NYSE:TD)

Public Employees Retirement System of Ohio trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,229 shares of the bank's stock after selling 139,851 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Toronto-Dominion Bank were worth $10,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC grew its holdings in Toronto-Dominion Bank by 30.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank's stock valued at $160,000 after purchasing an additional 697 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of Toronto-Dominion Bank by 24.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,914 shares of the bank's stock valued at $368,000 after buying an additional 1,351 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Toronto-Dominion Bank by 9.1% during the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock valued at $159,000 after acquiring an additional 250 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $58,000. Finally, Hanson & Doremus Investment Management increased its holdings in Toronto-Dominion Bank by 4.8% in the 4th quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank's stock worth $395,000 after acquiring an additional 340 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $0.61 during mid-day trading on Thursday, hitting $68.72. The company had a trading volume of 1,640,665 shares, compared to its average volume of 2,365,731. The stock's 50 day moving average price is $61.87 and its 200-day moving average price is $58.37. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $68.76. The company has a market capitalization of $119.28 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

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 the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the prior year, the firm earned $2.04 EPS. Equities research analysts forecast that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 42.67%.

Analyst Ratings Changes

Several brokerages have weighed in on TD. Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank of Canada raised their price objective 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. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $93.00.

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.