Toronto Dominion Bank (The) $TD Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 12.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 68,007 shares of the bank’s stock after selling 9,948 shares during the period. Stablepoint Partners LLC’s holdings in Toronto Dominion Bank were worth $5,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TD. HBK Sorce Advisory LLC increased its position in shares of Toronto Dominion Bank by 5.0% in the third quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after buying an additional 141 shares in the last quarter. Tobam grew its stake in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after acquiring an additional 151 shares during the period. PDS Planning Inc raised its position in Toronto Dominion Bank by 2.2% during the third quarter. PDS Planning Inc now owns 7,808 shares of the bank’s stock worth $624,000 after acquiring an additional 169 shares during the period. Cardinal Capital Management Inc. grew its position in shares of Toronto Dominion Bank by 1.2% in the third quarter. Cardinal Capital Management Inc. now owns 17,520 shares of the bank’s stock valued at $1,402,000 after purchasing an additional 200 shares during the period. Finally, Private Trust Co. NA increased its stake in Toronto Dominion Bank by 15.8% during the 3rd quarter. Private Trust Co. NA now owns 1,471 shares of the bank’s stock worth $118,000 after buying an additional 201 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TD has been the topic of several research reports. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $94.79 on Tuesday. The firm has a 50 day simple moving average of $90.66 and a 200-day simple moving average of $81.96. The stock has a market cap of $159.09 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 1-year low of $54.14 and a 1-year high of $96.44.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. Toronto Dominion Bank’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.6%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

Toronto Dominion Bank Company Profile

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.