SG Americas Securities LLC Sells 5,372 Shares of The Toronto-Dominion Bank (NYSE:TD)

SG Americas Securities LLC lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 36.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,206 shares of the bank’s stock after selling 5,372 shares during the quarter. SG Americas Securities LLC’s holdings in Toronto-Dominion Bank were worth $565,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Toronto-Dominion Bank by 1.7% in the first quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after acquiring an additional 161 shares during the period. Blue Chip Partners Inc. boosted its position in shares of Toronto-Dominion Bank by 3.8% in the third quarter. Blue Chip Partners Inc. now owns 4,664 shares of the bank’s stock valued at $286,000 after acquiring an additional 171 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Toronto-Dominion Bank by 2.6% in the second quarter. Quadrant Capital Group LLC now owns 6,925 shares of the bank’s stock valued at $454,000 after acquiring an additional 173 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Toronto-Dominion Bank by 3.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,546 shares of the bank’s stock valued at $364,000 after acquiring an additional 174 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in shares of Toronto-Dominion Bank by 75.1% in the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock valued at $25,000 after acquiring an additional 175 shares during the period. Institutional investors own 49.22% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of several research reports. Credit Suisse Group increased their price objective on Toronto-Dominion Bank from C$96.00 to C$98.00 in a research report on Friday, December 2nd. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their target price for the company from C$95.00 to C$103.00 in a research note on Monday, December 5th. National Bank Financial cut their target price on Toronto-Dominion Bank from C$106.00 to C$103.00 in a research note on Friday, November 18th. Scotiabank cut their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research note on Tuesday, December 20th. Finally, StockNews.com initiated coverage on Toronto-Dominion Bank in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $67.04 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day moving average price of $65.78 and a two-hundred day moving average price of $64.79. The Toronto-Dominion Bank has a 52-week low of $57.27 and a 52-week high of $86.01. The firm has a market capitalization of $122.14 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.28 and a beta of 0.89.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last released its quarterly earnings data on Thursday, December 1st. The bank reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.14. Toronto-Dominion Bank had a return on equity of 15.91% and a net margin of 23.48%. The firm had revenue of $11.69 billion during the quarter. As a group, analysts anticipate that The Toronto-Dominion Bank will post 6.65 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a $0.7081 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.83 dividend on an annualized basis and a dividend yield of 4.22%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 38.66%.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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