Wells Fargo & Company MN Has $165.01 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Wells Fargo & Company MN decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,553,579 shares of the bank's stock after selling 55,102 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of Toronto-Dominion Bank worth $165,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Bank of New Hampshire purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $32,000. Avior Wealth Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $50,000. Bfsg LLC purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $57,000. Finally, Independence Bank of Kentucky purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Down 1.3 %

NYSE TD traded down $0.75 during trading hours on Wednesday, hitting $56.11. The company had a trading volume of 2,275,471 shares, compared to its average volume of 2,990,508. The Toronto-Dominion Bank has a fifty-two week low of $54.12 and a fifty-two week high of $66.15. The company has a market capitalization of $98.73 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The firm's 50 day moving average is $58.31 and its 200 day moving average is $60.01.

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

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.7519 per share. The ex-dividend date was Monday, April 8th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.36%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 64.53%.

Wall Street Analyst Weigh In

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

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.