Toronto Dominion Bank (The) $TD Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors LP trimmed its stake in Toronto‑Dominion Bank by 16.7%, selling 125,295 shares and leaving it with 624,463 shares valued at about $45.87 million.
• TD beat expectations for the quarter with $1.56 EPS versus a $1.46 consensus and $11.44 billion in revenue (vs. $10.10 billion expected), while revenue was roughly flat year‑over‑year and analysts project $5.48 EPS for the fiscal year.
• TD raised its quarterly dividend to $1.08 (annualized $4.32), implying a 4.9% yield; the ex‑dividend date is Jan. 9 and the payout ratio is about 35.9%.

First Trust Advisors LP lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 624,463 shares of the bank's stock after selling 125,295 shares during the period. First Trust Advisors LP's holdings in Toronto Dominion Bank were worth $45,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Quaker Wealth Management LLC raised its position in shares of Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank's stock worth $31,000 after buying an additional 856 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $32,000. Richardson Financial Services Inc. acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at about $34,000. Tobam lifted its stake in shares of Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank's stock valued at $36,000 after purchasing an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth about $39,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $88.16 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company's fifty day moving average price is $81.68 and its two-hundred day moving average price is $76.46. The firm has a market capitalization of $148.94 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.44 and a beta of 0.69. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $88.79.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.87% and a net margin of 16.53%.The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $1.05. Toronto Dominion Bank's dividend payout ratio is currently 35.87%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TD. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, November 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 3rd. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Raymond James Financial raised Toronto Dominion Bank to a "hold" rating in a research report on Monday, November 24th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Toronto Dominion Bank Company 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.

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