The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Advocate Group LLC

Advocate Group LLC lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 66,153 shares of the bank’s stock after selling 1,637 shares during the period. Advocate Group LLC’s holdings in Toronto-Dominion Bank were worth $4,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after acquiring an additional 1,303,730 shares during the period. National Bank of Canada FI raised its holdings in shares of Toronto-Dominion Bank by 20.8% during the 3rd quarter. National Bank of Canada FI now owns 38,707,020 shares of the bank’s stock worth $2,275,959,000 after acquiring an additional 6,665,503 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Toronto-Dominion Bank by 0.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 24,555,651 shares of the bank’s stock worth $1,522,696,000 after acquiring an additional 174,272 shares during the period. Norges Bank purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $1,484,341,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after acquiring an additional 76,129 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.4 %

Shares of Toronto-Dominion Bank stock traded down $0.26 on Friday, reaching $60.38. 3,079,479 shares of the company were exchanged, compared to its average volume of 2,442,768. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The company has a market cap of $106.59 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day moving average price is $60.03 and its 200-day moving average price is $60.33.

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

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 4.98%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is 45.73%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays initiated coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, December 20th. Finally, Bank of America lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.33.

About Toronto-Dominion Bank

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.