UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $130.86 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,457,843 shares of the bank's stock after selling 80,188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Toronto-Dominion Bank worth $130,856,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $268,000. Mutual Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 467.0% during the fourth quarter. Mutual Advisors LLC now owns 24,779 shares of the bank's stock worth $1,371,000 after purchasing an additional 20,409 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 30.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank's stock worth $160,000 after purchasing an additional 697 shares during the period. MFA Wealth Services bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $213,000. Finally, Bennett Selby Investments LP increased its holdings in Toronto-Dominion Bank by 27.3% in the fourth quarter. Bennett Selby Investments LP now owns 5,309 shares of the bank's stock valued at $283,000 after purchasing an additional 1,140 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada increased their target price 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 began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Wall Street Zen raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average target price of $93.00.

Toronto-Dominion Bank Trading Down 0.2%

TD stock traded down $0.11 during mid-day trading on Wednesday, reaching $68.11. The company's stock had a trading volume of 1,589,476 shares, compared to its average volume of 2,367,808. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $68.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The business's 50 day moving average price is $61.70 and its 200 day moving average price is $58.30. The company has a market cap of $118.23 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter last year, the firm posted $2.04 EPS. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared 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 an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 42.67%.

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.