Principal Financial Group Inc. Sells 27,600 Shares of Toronto Dominion Bank (The) $TD

Principal Financial Group Inc. cut its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 71.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the bank’s stock after selling 27,600 shares during the period. Principal Financial Group Inc.’s holdings in Toronto Dominion Bank were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TD. Bayban acquired a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd raised its position in Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares during the last quarter. CBIZ Investment Advisory Services LLC acquired a new position in Toronto Dominion Bank during the 4th quarter worth $34,000. Brown Lisle Cummings Inc. lifted its holdings in Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after buying an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Weiss Ratings cut Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Stock Up 0.1%

Shares of Toronto Dominion Bank stock opened at $119.86 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $72.21 and a 12 month high of $124.87. The business has a fifty day simple moving average of $118.24 and a 200 day simple moving average of $105.57. The stock has a market cap of $197.14 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The firm’s revenue was down 31.1% on a year-over-year basis. Research analysts predict that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio is presently 49.14%.

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.