Toronto Dominion Bank (The) $TD Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. cut its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,896,245 shares of the bank’s stock after selling 12,222 shares during the period. Burgundy Asset Management Ltd. owned approximately 0.11% of Toronto Dominion Bank worth $142,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Toronto Dominion Bank in the 1st quarter worth approximately $568,000. Focus Partners Wealth boosted its holdings in shares of Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after acquiring an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the second quarter worth $259,000. Envestnet Asset Management Inc. raised its holdings in shares of Toronto Dominion Bank by 152.4% during the second quarter. Envestnet Asset Management Inc. now owns 289,489 shares of the bank’s stock worth $21,263,000 after purchasing an additional 174,815 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Toronto Dominion Bank during the second quarter valued at $217,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $98.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average of $95.36 and a two-hundred day moving average of $86.13. The stock has a market capitalization of $164.96 billion, a PE ratio of 10.91, a P/E/G ratio of 1.11 and a beta of 0.66. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter last year, the business earned $2.02 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s payout ratio is 34.81%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of recent research reports. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

About Toronto Dominion Bank

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.