Janus Henderson Group PLC Has $12.31 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Janus Henderson Group PLC decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 41.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,781 shares of the bank’s stock after selling 142,105 shares during the quarter. Janus Henderson Group PLC’s holdings in Toronto-Dominion Bank were worth $12,308,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BOKF NA raised its stake in Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after buying an additional 680 shares during the period. Magnetar Financial LLC bought a new stake in Toronto-Dominion Bank during the first quarter worth about $3,501,000. Bank of Nova Scotia Trust Co. grew its stake in shares of Toronto-Dominion Bank by 1.7% in the first quarter. Bank of Nova Scotia Trust Co. now owns 902,572 shares of the bank’s stock valued at $54,497,000 after buying an additional 15,457 shares in the last quarter. LRI Investments LLC bought a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at about $1,305,000. Finally, Quadrature Capital Ltd raised its stake in Toronto-Dominion Bank by 68.1% in the first quarter. Quadrature Capital Ltd now owns 1,658,800 shares of the bank’s stock valued at $99,828,000 after buying an additional 672,100 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.6 %

Shares of Toronto-Dominion Bank stock opened at $58.09 on Friday. The company has a 50 day simple moving average of $56.04 and a two-hundred day simple moving average of $57.97. The firm has a market cap of $101.47 billion, a PE ratio of 13.20, a PEG ratio of 1.62 and a beta of 0.82. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.15. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. Analysts expect that The Toronto-Dominion Bank will post 5.86 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is 67.73%.

Wall Street Analysts Forecast Growth

TD has been the subject of several recent research reports. BMO Capital Markets cut their price target on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. UBS Group assumed coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, National Bank Financial downgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.00.

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.