Toronto Dominion Bank (The) $TD Shares Sold by Canoe Financial LP

Canoe Financial LP trimmed its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843,946 shares of the bank’s stock after selling 8,227 shares during the quarter. Canoe Financial LP’s holdings in Toronto Dominion Bank were worth $67,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TD. Norges Bank acquired a new position in shares of Toronto Dominion Bank during the second quarter valued at $1,543,639,000. Goldman Sachs Group Inc. grew its position in Toronto Dominion Bank by 93.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock valued at $732,252,000 after buying an additional 5,917,078 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake in Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after buying an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Toronto Dominion Bank by 81.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after buying an additional 4,729,657 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth approximately $267,475,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $94.29 on Friday. The company has a market capitalization of $159.30 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $84.88 and a 200-day moving average of $78.47. Toronto Dominion Bank has a one year low of $52.63 and a one year high of $94.83.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its 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. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. Toronto Dominion Bank’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be paid a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s payout ratio is currently 35.82%.

Analysts Set New Price Targets

A number of research firms recently commented on TD. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Finally, Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.