Investment Partners LTD. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Investment Partners LTD. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 25.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,216 shares of the bank’s stock after selling 1,127 shares during the period. Investment Partners LTD.’s holdings in Toronto-Dominion Bank were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA grew its holdings in shares of Toronto-Dominion Bank by 10.6% during the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after acquiring an additional 174 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after acquiring an additional 174 shares during the period. Cooper Financial Group grew its holdings in shares of Toronto-Dominion Bank by 2.4% during the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after acquiring an additional 188 shares during the period. Costello Asset Management INC boosted its position in shares of Toronto-Dominion Bank by 3.3% in the 3rd quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock worth $381,000 after purchasing an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Toronto-Dominion Bank by 1.3% in the 3rd quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock worth $960,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TD shares. Barclays started coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Stock Up 0.5 %

TD stock traded up $0.27 during midday trading on Friday, hitting $59.38. The company’s stock had a trading volume of 2,542,598 shares, compared to its average volume of 3,322,045. The company has a market cap of $104.70 billion, a PE ratio of 12.69, a P/E/G ratio of 1.82 and a beta of 0.86. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $59.35 and its 200-day moving average is $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. On average, equities research analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a $0.7519 dividend. The ex-dividend date of this dividend is Monday, April 8th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a yield of 5.07%. Toronto-Dominion Bank’s dividend payout ratio is 30.56%.

Toronto-Dominion Bank 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.