Toronto Dominion Bank (The) $TD Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,224 shares of the bank’s stock after selling 7,124 shares during the period. Toronto Dominion Bank comprises approximately 3.3% of LRT Capital Management LLC’s holdings, making the stock its 2nd biggest position. LRT Capital Management LLC’s holdings in Toronto Dominion Bank were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of TD. Norges Bank acquired a new position in shares of Toronto Dominion Bank in the 4th quarter valued at about $2,125,963,000. Canerector Inc. boosted its holdings in shares of Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after buying an additional 22,056,000 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Toronto Dominion Bank by 25.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after buying an additional 3,129,457 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Toronto Dominion Bank by 5,566.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after buying an additional 2,408,334 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto Dominion Bank by 10.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank’s stock valued at $1,606,978,000 after buying an additional 1,629,062 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Up 0.9%

TD stock opened at $117.32 on Friday. Toronto Dominion Bank has a 52 week low of $70.09 and a 52 week high of $117.95. The company has a market capitalization of $193.87 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72. The firm’s 50-day moving average is $107.43 and its two-hundred day moving average is $98.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm earned $1.97 EPS. Toronto Dominion Bank’s revenue was down 31.1% on a year-over-year basis. On average, analysts forecast that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TD shares. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.