Letko Brosseau & Associates Inc. Has $195.41 Million Stock Position in Toronto Dominion Bank (The) (NYSE:TD)

Letko Brosseau & Associates Inc. reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,261,565 shares of the bank's stock after selling 90,825 shares during the quarter. Toronto Dominion Bank makes up approximately 4.2% of Letko Brosseau & Associates Inc.'s portfolio, making the stock its 2nd largest position. Letko Brosseau & Associates Inc. owned about 0.19% of Toronto Dominion Bank worth $195,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MFA Wealth Services lifted its holdings in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after buying an additional 179 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after acquiring an additional 190 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after acquiring an additional 194 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after acquiring an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of 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 purchasing an additional 230 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the subject of several analyst reports. 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 research note on Friday, May 23rd. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

TD stock traded down $0.67 during mid-day trading on Thursday, reaching $72.89. 1,904,196 shares of the stock traded hands, compared to its average volume of 1,919,472. 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 business has a 50-day moving average of $72.00 and a two-hundred day moving average of $63.99. The firm has a market capitalization of $125.02 billion, a PE ratio of 10.69, a P/E/G ratio of 1.66 and a beta of 0.83. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.58.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results 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 return on equity of 13.11% and a net margin of 13.53%. The company 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 posted $2.04 EPS. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's payout ratio is presently 45.31%.

Toronto Dominion Bank 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.