UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 0.14% of Toronto-Dominion Bank worth $130,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new stake in Toronto-Dominion Bank during the fourth quarter valued at about $992,204,000. FIL Ltd raised its position in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC raised its position in Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. raised its position in Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. Finally, Toronto Dominion Bank raised its position 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 purchasing an additional 912,401 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.7%

Shares of NYSE TD traded up $0.50 during trading hours on Thursday, hitting $68.61. The company's stock had a trading volume of 550,697 shares, compared to its average volume of 2,361,508. 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 $119.09 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $68.74. The business has a 50-day simple moving average of $61.87 and a 200-day simple moving average of $58.37.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same period in the previous year, the firm posted $2.04 EPS. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a yield of 4.41%. This is a boost 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 presently 42.67%.

Wall Street Analyst Weigh In

TD has been the topic of a number of recent research reports. Wall Street Zen raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank began coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.