Toronto Dominion Bank (The) (NYSE:TD) Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,361 shares of the bank’s stock after selling 1,280 shares during the period. Yousif Capital Management LLC’s holdings in Toronto Dominion Bank were worth $1,101,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 42.6% during the first quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank’s stock valued at $167,000 after purchasing an additional 842 shares during the last quarter. Bangor Savings Bank lifted its holdings in shares of Toronto Dominion Bank by 28.0% during the first quarter. Bangor Savings Bank now owns 3,026 shares of the bank’s stock valued at $181,000 after purchasing an additional 662 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Toronto Dominion Bank during the first quarter valued at $915,000. Godsey & Gibb Inc. lifted its holdings in shares of Toronto Dominion Bank by 3.3% during the first quarter. Godsey & Gibb Inc. now owns 345,305 shares of the bank’s stock valued at $20,698,000 after purchasing an additional 10,965 shares during the last quarter. Finally, Pines Wealth Management LLC lifted its stake in Toronto Dominion Bank by 10.6% in the 1st quarter. Pines Wealth Management LLC now owns 5,600 shares of the bank’s stock worth $313,000 after acquiring an additional 537 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 0.6%

Shares of Toronto Dominion Bank stock opened at $71.30 on Thursday. The firm has a market cap of $122.83 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.75 and a beta of 0.82. The stock has a 50-day simple moving average of $65.31 and a 200-day simple moving average of $59.82. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.25%. Toronto Dominion Bank’s dividend payout ratio is currently 42.82%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Royal Bank Of Canada increased their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.00.

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.