Sax Wealth Advisors LLC reduced its stake in Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 25.8% in the fourth quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC) . ). The company owned 6,073 bank shares after selling his 2,117 shares during this period. Sax Wealth Advisors LLC’s Toronto-Dominion Bank holdings were valued at $393,000 as of the latest filing with the Securities and Exchange Commission (SEC).
Other hedge funds have increased or decreased their stakes in the company recently. Vanguard Group Inc. increased his Dominion Bank holdings in Toronto by 3.4% in the third quarter. Vanguard Group Inc. now owns 67,240,327 bank shares worth $4,123,850,000 after acquiring an additional 2,238,912 shares during this period. TD Asset Management increased its Toronto-Dominion Bank holdings by 0.7% in the third quarter. TD Asset Management Inc. now owns 36,534,597 shares of bank stock valued at $2,263,283,000 after purchasing an additional 245,841 shares in the previous quarter. National Bank of Canada FI expanded his position at Toronto-Dominion Bank by 406.1% in the fourth quarter. After purchasing an additional 21,501,478 shares during this period, National Bank of Canada FI now owns 26,796,674 bank shares worth $1,734,653,000. Beutel Goodman & Co Ltd. increased its holding in Toronto-Dominion Bank by 5.9% in the third quarter. Beutel Goodman & Co Ltd. now owns 13,546,200 shares of the bank worth $837,261,000 after purchasing an additional 754,071 shares in the previous quarter. Finally, Manufacturers’ Life Insurance Company increased its stock position in Toronto-Dominion Bank by 0.7% in the third quarter. Manufacturers Life Insurance Company now owns 13,191,055 bank shares valued at $816,926,000 after acquiring an additional 97,866 shares during this period. 49.22% of the shares are owned by hedge funds and other institutional investors.
Wall Street Analyst Predicts Growth
A number of equity research analysts have recently commented on the company. CIBC upgraded his Dominion Bank of Toronto rating from ‘neutral’ to ‘sector outperforming’ in a research report on Monday, April 17. StockNews.com began reporting on Toronto-Dominion Bank on Thursday, March 16th. They gave the stock a sell rating.Desjardins raised his price target for Toronto-Dominion Bank to C$106.00 from his C$105.00 in a research note on Tuesday, Feb. 7. Finally, Scotiabank upgraded Toronto-Dominion Bank’s stock from a ‘sector performing’ rating to a ‘sector outperforming’ rating in his Friday, March 3 research note. One research he analyst evaluated the stock with a sell rating, one assigned a hold rating, and six issued a buy rating on the company’s stock. According to MarketBeat, the company has a consensus rating of “moderate buy” and a consensus target price of $100.57.
Toronto-Dominion Bank stock performance
NYSE TD opened at $59.51 on Wednesday. His 50-day simple moving average for this stock is $61.79 and its 200-day simple moving average is $64.27. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt to equity ratio of 0.11. The stock has a market capitalization of $108.91 billion, a PE ratio of 9.40, a P/E/G ratio of 1.16 and a beta of 0.88. The Toronto-Dominion Bank has a 12-month low of $55.43 and a 12-month high of $77.15.
Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last reported its results on Thursday, March 2nd. The bank reported an EPS of $1.64 for the quarter, $0.03 above analyst consensus expectations of $1.61. Toronto-Dominion Bank’s net profit margin was 18.23% and return on equity was 16.02%. The company posted $9.01 billion in revenue for the quarter, compared to analysts’ expectations of $8.97 billion. Equity analysts expect Toronto-Dominion Bank to post earnings of 6.57 per share this year.
Toronto-Dominion Bank increases dividend
The company also recently announced a quarterly dividend payable on Sunday, April 30. Shareholders of record on Thursday, April 6 will receive a dividend of $0.721 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. This represents his $2.88 dividend and his 4.85% dividend yield on an annualized basis. The ex-dividend date is Wednesday, April 5. Toronto-Dominion Bank’s Dividend Payout Ratio (DPR) is currently 44.87%.
Toronto-Dominion Bank Profile
Toronto-Dominion Bank is engaged in the provision of financial products and services. It operates through Canadian Retail, US Retail and Wholesale Banking segments. The Canadian Retail segment offers a variety of financial products and services, as well as telephone, internet and mobile banking services.
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