Toronto Dominion Bank (The) (NYSE:TD) Holdings Decreased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in Toronto Dominion Bank by 8.4%, selling 70,370 shares, and now owns 769,887 shares worth approximately $46.14 million.
• In contrast, other institutional investors like Larson Financial Group LLC and Financial Management Professionals Inc. increased their stakes significantly, with boosts of 122.9% and 322.4% respectively in the first quarter.
• Toronto Dominion Bank recently increased its quarterly dividend to $0.7568, marking a yield of 4.1% and reflecting a positive change from its previous dividend of $0.73.

Russell Investments Group Ltd. trimmed its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 769,887 shares of the bank's stock after selling 70,370 shares during the quarter. Russell Investments Group Ltd.'s holdings in Toronto Dominion Bank were worth $46,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after purchasing an additional 236 shares during the period. Financial Management Professionals Inc. boosted its position in Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Toronto Dominion Bank during the 1st quarter valued at approximately $32,000. CoreCap Advisors LLC boosted its position in Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares during the period. Finally, ORG Partners LLC acquired a new position in Toronto Dominion Bank during the 1st quarter worth $34,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank assumed coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 1.7%

Shares of Toronto Dominion Bank stock opened at $74.48 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $127.74 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. The business has a fifty day simple moving average of $72.94 and a 200-day simple moving average of $65.15. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $75.58.

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 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $2.04 earnings per share. On average, equities analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were issued a $0.7568 dividend. This represents a $3.03 annualized dividend and a dividend yield of 4.1%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date was Thursday, July 10th. Toronto Dominion Bank's payout ratio is currently 45.16%.

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.

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