Toronto Dominion Bank (The) $TD Shares Sold by Canoe Financial LP

Canoe Financial LP lowered its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 14.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 721,113 shares of the bank’s stock after selling 122,833 shares during the period. Canoe Financial LP’s holdings in Toronto Dominion Bank were worth $67,966,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Canerector Inc. lifted its holdings in 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 acquiring an additional 22,056,000 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Toronto Dominion Bank by 1,477.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock worth $195,749,000 after purchasing an additional 2,497,700 shares in the last quarter. Quadrature Capital Ltd raised 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 worth $196,028,000 after purchasing an additional 2,408,334 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Toronto Dominion Bank by 18.5% during the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after purchasing an additional 1,946,172 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Toronto Dominion Bank during the second quarter valued at approximately $79,524,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $91.41 on Friday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. The firm’s 50 day simple moving average is $95.35 and its 200-day simple moving average is $88.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $152.78 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.7%. Toronto Dominion Bank’s dividend payout ratio is presently 34.81%.

Wall Street Analyst Weigh In

TD has been the topic of several recent research reports. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

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.