Guardian Capital LP Reduces Position in The Toronto-Dominion Bank (NYSE:TD)

Guardian Capital LP lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,183,956 shares of the bank's stock after selling 343,319 shares during the period. Toronto-Dominion Bank accounts for approximately 2.8% of Guardian Capital LP's investment portfolio, making the stock its 11th biggest position. Guardian Capital LP owned about 0.07% of Toronto-Dominion Bank worth $76,877,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bank of New Hampshire acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. Avior Wealth Management LLC increased its holdings in shares of Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock worth $38,000 after buying an additional 286 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $50,000. Bfsg LLC acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $57,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Scotiabank upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and a consensus target price of $89.33.

Toronto-Dominion Bank Stock Down 0.1 %

TD stock traded down $0.06 during midday trading on Tuesday, hitting $56.70. The company's stock had a trading volume of 2,760,226 shares, compared to its average volume of 3,060,585. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a 52-week low of $54.12 and a 52-week high of $66.15. The firm has a market capitalization of $99.77 billion, a P/E ratio of 12.11, a PEG ratio of 1.78 and a beta of 0.84. The firm has a 50-day simple moving average of $58.72 and a 200-day simple moving average of $60.00.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The company had revenue of $10.07 billion during the quarter, compared to analysts' expectations of $9.35 billion. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 5.76 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank's payout ratio is 64.53%.

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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