Sumitomo Mitsui DS Asset Management Company Ltd Sells 1,196 Shares of Toronto Dominion Bank (The) $TD

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,592 shares of the bank’s stock after selling 1,196 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Toronto Dominion Bank were worth $1,512,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Balanced Rock Investment Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 1.1% in the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock valued at $898,000 after purchasing an additional 163 shares during the last quarter. MFA Wealth Services lifted its holdings in shares of Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock worth $250,000 after purchasing an additional 179 shares in the last quarter. Intrua Financial LLC lifted its stake in Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after acquiring an additional 183 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Toronto Dominion Bank by 14.5% during the 1st 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. Finally, JFS Wealth Advisors LLC increased its holdings in Toronto Dominion Bank by 6.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank’s stock worth $205,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.3%

Shares of TD stock opened at $78.61 on Monday. The firm has a market capitalization of $133.70 billion, a PE ratio of 9.18, a P/E/G ratio of 1.69 and a beta of 0.81. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $79.49. The stock’s 50-day simple moving average is $74.63 and its 200-day simple moving average is $68.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

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

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s payout ratio is 36.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TD. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Three 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 data from MarketBeat, the stock has an average rating of “Hold” and an average 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.