Truist Financial Corp Sells 5,447 Shares of The Toronto-Dominion Bank (NYSE:TD)

Truist Financial Corp trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,836 shares of the bank’s stock after selling 5,447 shares during the quarter. Truist Financial Corp’s holdings in Toronto-Dominion Bank were worth $2,962,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TD. K.J. Harrison & Partners Inc grew its stake in shares of Toronto-Dominion Bank by 17.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 224,966 shares of the bank’s stock valued at $14,563,000 after buying an additional 34,064 shares during the period. Syon Capital LLC increased its holdings in shares of Toronto-Dominion Bank by 109.2% during the fourth quarter. Syon Capital LLC now owns 12,840 shares of the bank’s stock valued at $830,000 after acquiring an additional 6,703 shares in the last quarter. Bank of New Hampshire bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Bfsg LLC acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $57,000. Finally, Yousif Capital Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 7.4% in the 4th quarter. Yousif Capital Management LLC now owns 32,380 shares of the bank’s stock worth $2,092,000 after purchasing an additional 2,225 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TD shares. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Barclays began coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $55.32 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average of $58.98 and a 200-day moving average of $60.00. The Toronto-Dominion Bank has a one year low of $54.12 and a one year high of $66.15. The company has a market cap of $97.54 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.71 and a beta of 0.84.

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

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a $0.7519 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.44%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is currently 64.53%.

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.