Wellington Management Group LLP Sells 73,916 Shares of The Toronto-Dominion Bank (NYSE:TD)

Wellington Management Group LLP trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,511 shares of the bank's stock after selling 73,916 shares during the quarter. Wellington Management Group LLP's holdings in Toronto-Dominion Bank were worth $11,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $32,000. CoreCap Advisors LLC raised its holdings in shares of Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in Toronto-Dominion Bank in the fourth quarter worth $51,000. Institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TD shares. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Scotiabank initiated coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank of Canada boosted 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, May 23rd. Finally, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD traded down $0.33 during midday trading on Wednesday, hitting $69.63. The company's stock had a trading volume of 1,392,208 shares, compared to its average volume of 2,346,120. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50 day simple moving average is $62.54 and its 200 day simple moving average is $58.74. The stock has a market capitalization of $119.96 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.95 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $70.08.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm 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 prior year, the company earned $2.04 EPS. As a group, research analysts anticipate 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. Stockholders of record on Thursday, July 10th will be given a $0.7568 dividend. This represents a $3.03 annualized dividend and a dividend yield of 4.35%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio is currently 44.72%.

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.