Corient Private Wealth LLC Has $4.92 Million Stake in Toronto Dominion Bank (The) $TD

Corient Private Wealth LLC reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,281 shares of the bank’s stock after selling 4,501 shares during the period. Corient Private Wealth LLC’s holdings in Toronto Dominion Bank were worth $4,925,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TD. Main Line Retirement Advisors LLC lifted its holdings in Toronto Dominion Bank by 0.9% in the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after acquiring an additional 118 shares during the period. Richardson Financial Services Inc. lifted its position in Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after acquiring an additional 122 shares during the last quarter. Commons Capital LLC boosted its holdings in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after acquiring an additional 134 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TD has been the topic of several recent analyst reports. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Royal Bank Of Canada boosted their target price on shares of 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, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Down 0.6%

Toronto Dominion Bank stock opened at $119.81 on Friday. The company has a 50 day moving average of $111.40 and a 200-day moving average of $100.75. 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 twelve month low of $72.04 and a twelve month high of $120.98. The stock has a market capitalization of $197.98 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.97 EPS. On average, equities research analysts anticipate that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s payout ratio is 50.55%.

Toronto Dominion Bank 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.