The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,947 shares of the bank’s stock after selling 254 shares during the period. Donaldson Capital Management LLC’s holdings in Toronto-Dominion Bank were worth $966,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TD. Fairfield Bush & CO. acquired a new position in Toronto-Dominion Bank during the first quarter worth about $26,000. BlackRock Inc. boosted its position in shares of Toronto-Dominion Bank by 6.3% in the 1st quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock valued at $72,595,000 after purchasing an additional 54,121 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at $200,000. Raymond James Trust N.A. boosted its position in shares of Toronto-Dominion Bank by 1.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after purchasing an additional 161 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Toronto-Dominion Bank by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock valued at $955,000 after purchasing an additional 2,154 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Bank of America lowered Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Finally, Barclays assumed coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Stock Down 0.9 %

NYSE TD traded down $0.49 during trading on Tuesday, reaching $56.08. 421,869 shares of the company’s stock were exchanged, compared to its average volume of 2,910,200. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The firm has a market capitalization of $98.88 billion, a PE ratio of 12.09, a P/E/G ratio of 1.75 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $59.55 and its 200-day simple moving average is $60.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

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.