Toronto Dominion Bank (The) (NYSE:TD) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 38.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,452 shares of the bank's stock after selling 4,666 shares during the period. Vontobel Holding Ltd.'s holdings in Toronto Dominion Bank were worth $447,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gold Investment Management Ltd. boosted its holdings in Toronto Dominion Bank by 5.0% in the 1st quarter. Gold Investment Management Ltd. now owns 113,463 shares of the bank's stock valued at $6,801,000 after purchasing an additional 5,382 shares during the period. Philip James Wealth Mangement LLC raised its holdings in Toronto Dominion Bank by 4.2% in the first quarter. Philip James Wealth Mangement LLC now owns 6,422 shares of the bank's stock worth $385,000 after buying an additional 260 shares during the last quarter. Old North State Wealth Management LLC purchased a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $239,000. Trust Co. of Vermont increased its holdings in Toronto Dominion Bank by 23.7% during the first quarter. Trust Co. of Vermont now owns 56,842 shares of the bank's stock valued at $3,407,000 after buying an additional 10,906 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Toronto Dominion Bank by 55.7% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,118 shares of the bank's stock worth $69,000 after purchasing an additional 400 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD stock traded down $0.33 on Friday, hitting $73.56. 1,639,360 shares of the stock traded hands, compared to its average volume of 2,290,871. The firm's 50-day moving average price is $69.14 and its two-hundred day moving average price is $62.00. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $75.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $126.56 billion, a PE ratio of 10.79, a PEG ratio of 1.68 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its 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. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $2.04 earnings per share. As a group, analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.12%. 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 is presently 42.82%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TD. Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $93.00.

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.