The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 31.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,190 shares of the bank’s stock after selling 17,620 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Toronto-Dominion Bank were worth $2,532,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Canoe Financial LP grew its stake in shares of Toronto-Dominion Bank by 2,035.4% during the 4th quarter. Canoe Financial LP now owns 42,808,439 shares of the bank’s stock worth $2,766,281,000 after purchasing an additional 40,803,711 shares during the period. Norges Bank acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $1,478,898,000. Clearbridge Investments LLC acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $184,389,000. The Manufacturers Life Insurance Company grew its stake in shares of Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after purchasing an additional 2,870,662 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Toronto-Dominion Bank by 37.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 8,996,955 shares of the bank’s stock worth $544,542,000 after purchasing an additional 2,431,743 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TD. 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. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. National Bank Financial cut shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Finally, BMO Capital Markets lowered their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.00.

Get Our Latest Report on Toronto-Dominion Bank

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $55.92 on Monday. The firm has a market cap of $98.40 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $57.62 and its two-hundred day moving average is $59.79. The Toronto-Dominion Bank has a 12-month low of $54.12 and a 12-month high of $66.15.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. Research analysts expect 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 will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.29%. Toronto-Dominion Bank’s payout ratio is currently 68.64%.

Toronto-Dominion Bank Profile

(Free Report)

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.

See Also

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

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