Wright Investors Service Inc. Has $2.26 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Wright Investors Service Inc. reduced its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,967 shares of the bank’s stock after selling 5,992 shares during the period. Wright Investors Service Inc.’s holdings in Toronto-Dominion Bank were worth $2,260,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after purchasing an additional 1,303,730 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Toronto-Dominion Bank by 2.0% during the 4th quarter. 1832 Asset Management L.P. now owns 23,907,865 shares of the bank’s stock worth $1,548,273,000 after purchasing an additional 468,658 shares in the last quarter. Norges Bank bought a new position in shares of Toronto-Dominion Bank during the 4th quarter worth about $1,484,341,000. CIBC Asset Management Inc boosted its position in shares of Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after purchasing an additional 76,129 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after purchasing an additional 2,870,662 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Up 0.9 %

NYSE:TD traded up $0.53 on Thursday, hitting $57.35. The stock had a trading volume of 861,122 shares, compared to its average volume of 2,908,384. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $101.12 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.86. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The firm’s fifty day simple moving average is $59.43 and its two-hundred day simple moving average is $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Analysts predict that The Toronto-Dominion Bank will post 5.85 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 Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.24%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 30.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Barclays initiated coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.33.

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.