Toronto Dominion Bank (The) $TD Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. reduced its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 284,911 shares of the bank’s stock after selling 32,830 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Toronto Dominion Bank were worth $33,579,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. increased its holdings in shares of Toronto Dominion Bank by 3.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock worth $112,185,000 after buying an additional 34,921 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at approximately $299,850,000. State of Wyoming raised its position in shares of Toronto Dominion Bank by 1,018.7% during the 1st quarter. State of Wyoming now owns 22,765 shares of the bank’s stock valued at $2,119,000 after buying an additional 20,730 shares during the period. Bank of New York Mellon Corp acquired a new position in Toronto Dominion Bank in the second quarter valued at approximately $202,900,000. Finally, Ninepoint Partners LP acquired a new position in Toronto Dominion Bank in the second quarter valued at approximately $29,903,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TD has been the subject of several analyst reports. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, September 28th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods initiated coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Toronto Dominion Bank Trading Up 1.3%

TD stock traded up $1.56 during mid-day trading on Tuesday, hitting $118.05. 1,115,000 shares of the company were exchanged, compared to its average volume of 2,382,319. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $194.17 billion, a P/E ratio of 17.54, a PEG ratio of 1.14 and a beta of 0.75. The business has a fifty day simple moving average of $120.03 and a 200-day simple moving average of $114.68. Toronto Dominion Bank has a 12-month low of $77.95 and a 12-month high of $125.46.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The business had revenue of $12.07 billion during the quarter, compared to analysts’ expectations of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $2.20 earnings per share. On average, equities research analysts predict that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be given a dividend of C$1.12 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.