Toronto Dominion Bank (The) $TD Shares Sold by State of Wyoming

State of Wyoming reduced its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 76.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,660 shares of the bank’s stock after selling 24,880 shares during the period. State of Wyoming’s holdings in Toronto Dominion Bank were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Tobam raised its stake in Toronto Dominion Bank by 44.5% in the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares in the last quarter. Wright Investors Service Inc. increased its holdings in shares of Toronto Dominion Bank by 3.1% in the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after acquiring an additional 173 shares during the last quarter. Intrua Financial LLC raised its position in shares of Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock worth $468,000 after acquiring an additional 183 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in Toronto Dominion Bank by 1.9% in the second quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock valued at $808,000 after purchasing an additional 207 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Toronto Dominion Bank by 2.4% during the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock worth $533,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Up 0.6%

Toronto Dominion Bank stock opened at $91.99 on Tuesday. The stock has a 50 day moving average of $82.75 and a two-hundred day moving average of $77.28. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $92.24. The stock has a market capitalization of $155.42 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.27 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

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

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, January 9th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is currently 35.82%.

Toronto Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.