Toronto Dominion Bank (The) (NYSE:TD) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 40.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,154 shares of the bank's stock after selling 4,767 shares during the quarter. Ritholtz Wealth Management's holdings in Toronto Dominion Bank were worth $429,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. MFA Wealth Services grew its holdings in Toronto Dominion Bank by 4.5% in 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 in the last quarter. Hennessy Advisors Inc. grew its holdings in Toronto Dominion Bank by 16.2% in the 1st quarter. Hennessy Advisors Inc. now owns 95,200 shares of the bank's stock valued at $5,706,000 after buying an additional 13,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Toronto Dominion Bank by 5.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,054 shares of the bank's stock valued at $1,022,000 after buying an additional 928 shares in the last quarter. Net Worth Advisory Group grew its holdings in Toronto Dominion Bank by 13.8% in the 1st quarter. Net Worth Advisory Group now owns 5,994 shares of the bank's stock valued at $359,000 after buying an additional 725 shares in the last quarter. Finally, NewGen Asset Management Ltd purchased a new stake in Toronto Dominion Bank in the 1st quarter valued at $3,548,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada upped their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Finally, Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Toronto Dominion Bank currently has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Trading Up 0.5%

Shares of NYSE TD traded up $0.33 during mid-day trading on Monday, reaching $71.21. 1,240,262 shares of the company's stock were exchanged, compared to its average volume of 2,317,702. The firm has a market capitalization of $122.51 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $71.65. The company's 50-day moving average is $65.85 and its 200-day moving average is $60.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the prior year, the business posted $2.04 EPS. Analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a yield of 4.25%. 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 dividend payout ratio (DPR) is 42.82%.

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.