The Toronto-Dominion Bank (NYSE:TD) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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

Other institutional investors have also modified their holdings of the company. Vident Advisory LLC increased its holdings in Toronto-Dominion Bank by 5.8% during the fourth quarter. Vident Advisory LLC now owns 4,535 shares of the bank's stock valued at $241,000 after buying an additional 249 shares during the period. Two Sigma Advisers LP increased its holdings in Toronto-Dominion Bank by 370.1% during the fourth quarter. Two Sigma Advisers LP now owns 383,200 shares of the bank's stock valued at $20,402,000 after buying an additional 301,683 shares during the period. Two Sigma Investments LP increased its holdings in Toronto-Dominion Bank by 14.6% during the fourth quarter. Two Sigma Investments LP now owns 721,312 shares of the bank's stock valued at $38,403,000 after buying an additional 92,129 shares during the period. Toronto Dominion Bank increased its holdings in Toronto-Dominion Bank by 9.7% during the fourth quarter. Toronto Dominion Bank now owns 10,305,222 shares of the bank's stock valued at $547,992,000 after buying an additional 912,401 shares during the period. Finally, Man Group plc increased its holdings in Toronto-Dominion Bank by 414.7% during the fourth quarter. Man Group plc now owns 323,711 shares of the bank's stock valued at $17,234,000 after buying an additional 260,818 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.7%

TD stock traded up $0.49 on Tuesday, hitting $68.19. 1,578,547 shares of the company's stock were exchanged, compared to its average volume of 2,370,459. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $68.74. The firm has a 50 day moving average price of $61.54 and a two-hundred day moving average price of $58.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $118.37 billion, a P/E ratio of 19.65, 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 earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share 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 firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the business earned $2.04 EPS. As a group, equities research analysts expect that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm 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 dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a yield of 4.44%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 42.67%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada lifted 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 report on Friday. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They set 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 report on Saturday. 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 company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and a consensus 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.