Toronto Dominion Bank (The) $TD Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. trimmed its stake in Toronto Dominion Bank by 23.1% in Q4, selling 112,406 shares and finishing the quarter with 374,003 shares valued at about $35.3 million.
• TD beat Q4 expectations, reporting $1.76 EPS vs. $1.63 expected and revenue of $11.01 billion, an 18.1% year-over-year increase.
• The bank declared a quarterly dividend of $1.08 (annualized $4.32) payable April 30 with an ex-dividend date of April 9, implying a yield of about 4.1%.

Montrusco Bolton Investments Inc. trimmed its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 374,003 shares of the bank's stock after selling 112,406 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Toronto Dominion Bank were worth $35,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $30,000. Sachetta LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC lifted its holdings in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank's stock valued at $38,000 after acquiring an additional 456 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank's stock valued at $44,000 after acquiring an additional 208 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Up 0.0%

NYSE:TD opened at $105.08 on Friday. The stock's 50 day moving average price is $97.41 and its 200 day moving average price is $91.43. Toronto Dominion Bank has a 52 week low of $61.88 and a 52 week high of $106.94. The company has a market capitalization of $174.03 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the company posted $2.02 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. On average, research analysts forecast that Toronto Dominion Bank will post 6.87 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.1%. Toronto Dominion Bank's dividend payout ratio is currently 34.36%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TD. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Zacks Research raised shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Toronto Dominion Bank has an average rating of "Moderate Buy" and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada's largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD's core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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