Davis Rea LTD. Reduces Holdings in Toronto Dominion Bank (The) $TD

Davis Rea LTD. lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,328 shares of the bank’s stock after selling 7,145 shares during the quarter. Toronto Dominion Bank makes up about 1.7% of Davis Rea LTD.’s holdings, making the stock its 20th biggest position. Davis Rea LTD.’s holdings in Toronto Dominion Bank were worth $6,907,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Toronto Dominion Bank by 3.4% in the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock worth $5,677,291,000 after acquiring an additional 2,552,603 shares during the last quarter. TD Asset Management Inc increased its position in Toronto Dominion Bank by 0.9% during the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock worth $2,742,748,000 after purchasing an additional 329,429 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Toronto Dominion Bank by 0.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after purchasing an additional 101,678 shares during the last quarter. Norges Bank acquired a new position in Toronto Dominion Bank in the 2nd quarter valued at about $1,543,639,000. Finally, Geode Capital Management LLC lifted its holdings in Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after purchasing an additional 2,366,324 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.3%

Shares of TD opened at $94.01 on Friday. Toronto Dominion Bank has a fifty-two week low of $54.14 and a fifty-two week high of $96.44. The company’s fifty day moving average is $88.89 and its two-hundred day moving average is $80.88. The firm has a market cap of $157.78 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 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 business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be issued a $1.08 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.