Dimensional Fund Advisors LP Sells 313,264 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Toronto Dominion Bank by 4.3%, selling 313,264 shares and now owning a total of approximately 6.98 million shares valued at $418.15 million.
• Research analysts have upgraded Toronto Dominion Bank's status, with one firm changing its rating from "sell" to "hold," while another upgraded it to "buy" and increased the price target from $87 to $93.
• The bank reported earnings per share of $1.39 for the last quarter, exceeding estimates, and announced an increase in its quarterly dividend to $0.7568, reflecting a 4.1% yield.

Dimensional Fund Advisors LP lowered its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,976,105 shares of the bank's stock after selling 313,264 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.40% of Toronto Dominion Bank worth $418,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TD. Balanced Rock Investment Advisors LLC raised its position in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after purchasing an additional 163 shares in the last quarter. MFA Wealth Services increased its holdings in shares of Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after buying an additional 179 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after buying an additional 190 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after buying an additional 194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Toronto Dominion Bank by 14.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Trading Down 0.3%

TD traded down $0.2140 during trading on Thursday, reaching $73.4960. 286,573 shares of the stock traded hands, compared to its average volume of 2,094,843. 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 stock has a market capitalization of $126.06 billion, a PE ratio of 10.78, a P/E/G ratio of 1.61 and a beta of 0.84. The stock's 50-day moving average is $73.30 and its 200 day moving average is $65.72. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month 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, beating analysts' consensus estimates 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 net margin of 13.53% and a return on equity of 13.11%. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a $0.7568 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date was Thursday, July 10th. This represents a $3.03 annualized dividend and a yield of 4.1%. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank began coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and an average 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.