HM Payson & Co. Sells 1,398 Shares of The Toronto-Dominion Bank (NYSE:TD)

HM Payson & Co. lowered its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,523 shares of the bank’s stock after selling 1,398 shares during the quarter. HM Payson & Co.’s holdings in Toronto-Dominion Bank were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Toronto-Dominion Bank by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank’s stock valued at $132,141,000 after buying an additional 130,801 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its position in Toronto-Dominion Bank by 2.7% during the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock valued at $83,881,000 after purchasing an additional 37,002 shares during the period. Intech Investment Management LLC acquired a new stake in Toronto-Dominion Bank during the 1st quarter valued at approximately $6,454,000. FORA Capital LLC acquired a new stake in Toronto-Dominion Bank during the 1st quarter valued at approximately $4,025,000. Finally, V Square Quantitative Management LLC increased its position in Toronto-Dominion Bank by 5,032.5% during the 4th quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock valued at $1,022,000 after purchasing an additional 15,500 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 2.4 %

Shares of TD stock traded down $1.40 during trading hours on Friday, hitting $56.69. 4,197,931 shares of the company were exchanged, compared to its average volume of 2,649,050. The firm has a market cap of $99.02 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.60 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day simple moving average of $56.04 and a two-hundred day simple moving average of $57.94.

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 analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The company had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Equities analysts anticipate that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 67.73%.

Wall Street Analyst Weigh In

TD has been the subject of a number of recent analyst reports. 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. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.00.

About Toronto-Dominion Bank

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.