Acadian Asset Management LLC Sells 404,200 Shares of Toronto Dominion Bank (The) $TD

Acadian Asset Management LLC lessened its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 93.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,300 shares of the bank’s stock after selling 404,200 shares during the quarter. Acadian Asset Management LLC’s holdings in Toronto Dominion Bank were worth $1,694,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Balanced Rock Investment Advisors LLC grew its stake in shares of Toronto Dominion Bank by 1.1% in the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after acquiring an additional 163 shares in the last quarter. MFA Wealth Services boosted 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 purchasing an additional 179 shares during the period. Hexagon Capital Partners LLC boosted its position in Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock worth $90,000 after purchasing an additional 190 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank’s stock worth $205,000 after buying an additional 194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $97,000 after buying an additional 202 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.3%

TD stock opened at $77.85 on Wednesday. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $78.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $132.98 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.68 and a beta of 0.81. The business has a 50 day simple moving average of $74.35 and a two-hundred day simple moving average of $67.87.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is currently 36.10%.

Analyst Ratings Changes

A number of research analysts have commented on TD shares. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research report on Friday, May 23rd. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.