Toronto Dominion Bank (The) (NYSE:TD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,200 shares of the bank’s stock after selling 500 shares during the period. Principal Financial Group Inc.’s holdings in Toronto Dominion Bank were worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MFA Wealth Services raised its position in Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock worth $250,000 after acquiring an additional 179 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank’s stock valued at $205,000 after acquiring an additional 194 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank’s stock valued at $97,000 after acquiring an additional 202 shares in the last quarter. CoreCap Advisors LLC raised its stake in Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in Toronto Dominion Bank by 5.8% in the 4th quarter. Vident Advisory LLC now owns 4,535 shares of the bank’s stock valued at $241,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Shares of TD stock opened at $73.54 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $126.52 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The firm’s 50-day moving average is $70.38 and its two-hundred day moving average is $62.86. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.12.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the prior year, the company posted $2.04 EPS. Analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 45.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a report on Friday, May 23rd. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They set a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.