Investment Management Corp of Ontario Sells 5,819 Shares of Toronto Dominion Bank (The) $TD

Investment Management Corp of Ontario lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,450 shares of the bank’s stock after selling 5,819 shares during the quarter. Investment Management Corp of Ontario’s holdings in Toronto Dominion Bank were worth $17,441,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AXA S.A. lifted its holdings in shares of Toronto Dominion Bank by 253.7% in the 2nd quarter. AXA S.A. now owns 164,172 shares of the bank’s stock worth $12,058,000 after buying an additional 117,758 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Toronto Dominion Bank during the second quarter valued at $324,000. Natixis raised its holdings in shares of Toronto Dominion Bank by 5.7% in the second quarter. Natixis now owns 30,858 shares of the bank’s stock valued at $2,267,000 after acquiring an additional 1,662 shares in the last quarter. Qtron Investments LLC purchased a new stake in Toronto Dominion Bank in the second quarter worth about $504,000. Finally, Cresset Asset Management LLC bought a new position in Toronto Dominion Bank during the 2nd quarter worth about $211,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.2%

Toronto Dominion Bank stock opened at $88.16 on Tuesday. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $88.79. The stock has a market capitalization of $148.94 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.44 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $81.68 and a 200-day moving average price of $76.46.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.53% and a return on equity of 13.87%. Toronto Dominion Bank’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.9%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is presently 35.87%.

Toronto Dominion Bank Company 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.