Transcend Capital Advisors LLC Reduces Position in Toronto Dominion Bank (The) (NYSE:TD)

Transcend Capital Advisors LLC decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 57.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,019 shares of the bank's stock after selling 8,217 shares during the period. Transcend Capital Advisors LLC's holdings in Toronto Dominion Bank were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its holdings in shares of Toronto Dominion Bank by 23.7% in 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. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Toronto Dominion Bank by 55.7% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,118 shares of the bank's stock valued at $69,000 after acquiring an additional 400 shares during the period. PDS Planning Inc raised its stake in Toronto Dominion Bank by 21.0% during the 1st quarter. PDS Planning Inc now owns 6,964 shares of the bank's stock valued at $417,000 after acquiring an additional 1,208 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Toronto Dominion Bank by 4.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,564 shares of the bank's stock valued at $993,000 after acquiring an additional 654 shares during the last quarter. Finally, Value Partners Investments Inc. lifted its position in Toronto Dominion Bank by 531.9% during the 1st quarter. Value Partners Investments Inc. now owns 747,779 shares of the bank's stock worth $44,853,000 after acquiring an additional 629,442 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD stock opened at $72.57 on Monday. The business's fifty day moving average price is $67.03 and its 200 day moving average price is $60.76. The firm has a market capitalization of $124.85 billion, a PE ratio of 10.64, a P/E/G ratio of 1.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $73.06.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted 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. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations 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 company posted $2.04 EPS. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.17%. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is presently 42.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TD shares. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus 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.

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