USS Investment Management Ltd Sells 11,097 Shares of The Toronto-Dominion Bank (NYSE:TD)

USS Investment Management Ltd decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,534 shares of the bank's stock after selling 11,097 shares during the quarter. USS Investment Management Ltd's holdings in Toronto-Dominion Bank were worth $14,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $32,000. CoreCap Advisors LLC raised its stake in Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 1.1%

TD stock traded up $0.75 during trading on Friday, hitting $67.70. The company had a trading volume of 2,347,750 shares, compared to its average volume of 2,374,946. The firm has a 50-day moving average price of $61.22 and a 200-day moving average price of $58.05. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $68.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $117.51 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.81.

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 company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter in the previous year, the company posted $2.04 earnings per share. As a group, analysts predict that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. 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 4.47%. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TD shares. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank of Canada lifted their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, Scotiabank began coverage on Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and a consensus target price of $88.50.

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.