Toronto Dominion Bank (The) $TD Holdings Reduced by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,508,473 shares of the bank’s stock after selling 2,803,066 shares during the quarter. Toronto Dominion Bank comprises approximately 3.2% of Bank of Nova Scotia’s holdings, making the stock its 6th largest position. Bank of Nova Scotia owned about 1.25% of Toronto Dominion Bank worth $1,581,535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TD. Tobam increased its holdings in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after acquiring an additional 151 shares during the last quarter. Wright Investors Service Inc. lifted its position in shares of Toronto Dominion Bank by 3.1% in the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock worth $428,000 after buying an additional 173 shares in the last quarter. Intrua Financial LLC boosted its stake in Toronto Dominion Bank by 2.4% during the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after buying an additional 183 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in Toronto Dominion Bank by 1.9% during the 2nd quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock valued at $808,000 after buying an additional 207 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Toronto Dominion Bank by 2.4% in the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock worth $533,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TD shares. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Up 2.6%

TD opened at $88.34 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $81.51 and its two-hundred day moving average is $76.32. The company has a market capitalization of $149.24 billion, a P/E ratio of 10.49, a PEG ratio of 1.44 and a beta of 0.69. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $88.45.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.87% and a net margin of 16.53%.The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. Analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is currently 35.87%.

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.