Davis Rea LTD. Sells 25,180 Shares of The Toronto-Dominion Bank (NYSE:TD)

Davis Rea LTD. decreased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 21.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,360 shares of the bank's stock after selling 25,180 shares during the period. Toronto-Dominion Bank makes up about 3.1% of Davis Rea LTD.'s portfolio, making the stock its 13th biggest position. Davis Rea LTD.'s holdings in Toronto-Dominion Bank were worth $6,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooper Financial Group increased its stake in shares of Toronto-Dominion Bank by 2.4% in the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank's stock valued at $525,000 after purchasing an additional 188 shares during the last quarter. Cape Cod Five Cents Savings Bank grew its position in Toronto-Dominion Bank by 100.0% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank's stock worth $1,011,000 after acquiring an additional 8,390 shares during the last quarter. Schechter Investment Advisors LLC grew its position in Toronto-Dominion Bank by 6.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank's stock worth $497,000 after acquiring an additional 434 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. grew its position in Toronto-Dominion Bank by 17.3% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,351,526 shares of the bank's stock worth $87,784,000 after acquiring an additional 199,603 shares during the last quarter. Finally, Barometer Capital Management Inc. grew its position in Toronto-Dominion Bank by 84.4% during the 3rd quarter. Barometer Capital Management Inc. now owns 160,078 shares of the bank's stock worth $9,646,000 after acquiring an additional 73,274 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TD. Barclays began coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an "equal weight" rating on the stock. Bank of America lowered Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research report on Monday, December 18th. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a "hold" rating on the stock. Finally, Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.33.

Toronto-Dominion Bank Trading Down 0.8 %

TD traded down $0.50 during midday trading on Friday, hitting $59.32. 4,394,230 shares of the company were exchanged, compared to its average volume of 2,257,770. The firm has a market capitalization of $104.72 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.83 and a beta of 0.86. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The firm's 50 day moving average price is $59.90 and its 200-day moving average price is $60.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank's payout ratio is currently 30.56%.

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.