Vontobel Holding Ltd. trimmed its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 38.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,452 shares of the bank's stock after selling 4,666 shares during the quarter. Vontobel Holding Ltd.'s holdings in Toronto Dominion Bank were worth $447,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TD. Frank Rimerman Advisors LLC boosted its stake in shares of Toronto Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after acquiring an additional 171 shares in the last quarter. MFA Wealth Services lifted its position 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 worth $250,000 after purchasing an additional 179 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Toronto Dominion Bank by 6.0% in the 1st 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Toronto Dominion Bank by 14.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after acquiring an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.
Toronto Dominion Bank Trading Down 1.2%
Toronto Dominion Bank stock opened at $74.13 on Tuesday. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.12. The stock has a market capitalization of $127.54 billion, a P/E ratio of 10.87, a PEG ratio of 1.83 and a beta of 0.83. The stock has a 50-day simple moving average of $68.51 and a 200 day simple moving average of $61.68. 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 (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) 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 company had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. Analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.08%. This is an increase 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 42.82%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on TD. Royal Bank Of Canada increased 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 report on Saturday, May 24th. Finally, Scotiabank began 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $93.00.
Check Out Our Latest Research Report on Toronto Dominion Bank
Toronto Dominion Bank Profile
(
Free Report)
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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