The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 75.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,291 shares of the bank’s stock after selling 15,964 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Toronto-Dominion Bank were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TD. Private Trust Co. NA increased its stake in Toronto-Dominion Bank by 10.6% in the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock valued at $117,000 after buying an additional 174 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after purchasing an additional 174 shares in the last quarter. Cooper Financial Group lifted its position in Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after purchasing an additional 188 shares during the period. Costello Asset Management INC boosted its holdings in Toronto-Dominion Bank by 3.3% in the 3rd quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after purchasing an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in Toronto-Dominion Bank by 1.3% during the 3rd quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock worth $960,000 after purchasing an additional 207 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Down 5.9 %

Shares of TD stock opened at $54.66 on Monday. The stock has a market cap of $96.38 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.71 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a fifty-two week low of $54.12 and a fifty-two week high of $66.15. The business has a fifty day simple moving average of $59.16 and a 200-day simple moving average of $60.04.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, analysts forecast that The Toronto-Dominion Bank will post 5.77 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were given a dividend of $0.7519 per share. 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 5.50%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is currently 64.53%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays started coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. 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. Finally, Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.33.

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.