SlateStone Wealth LLC Sells 200 Shares of The Toronto-Dominion Bank (NYSE:TD)

SlateStone Wealth LLC lessened its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 5,544 shares of the bank’s stock after selling 200 shares during the period. SlateStone Wealth LLC’s holdings in Toronto-Dominion Bank were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TD. Ritholtz Wealth Management raised its stake in Toronto-Dominion Bank by 3.1% in the 3rd quarter. Ritholtz Wealth Management now owns 12,164 shares of the bank’s stock valued at $733,000 after acquiring an additional 369 shares during the period. Summit Global Investments increased its position in Toronto-Dominion Bank by 13.1% during the 3rd quarter. Summit Global Investments now owns 6,229 shares of the bank’s stock worth $375,000 after buying an additional 723 shares during the period. Connecticut Wealth Management LLC increased its position in Toronto-Dominion Bank by 10.1% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,609 shares of the bank’s stock worth $217,000 after buying an additional 332 shares during the period. Ballentine Partners LLC increased its position in Toronto-Dominion Bank by 4.2% during the 3rd quarter. Ballentine Partners LLC now owns 10,805 shares of the bank’s stock worth $651,000 after buying an additional 431 shares during the period. Finally, Clarius Group LLC increased its position in Toronto-Dominion Bank by 24.9% during the 3rd quarter. Clarius Group LLC now owns 4,098 shares of the bank’s stock worth $247,000 after buying an additional 817 shares during the period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TD. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Barclays initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Price Performance

NYSE:TD traded up $0.32 during trading hours on Tuesday, hitting $58.88. The company’s stock had a trading volume of 1,001,607 shares, compared to its average volume of 2,959,750. The stock has a fifty day simple moving average of $59.35 and a 200-day simple moving average of $60.08. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The company has a market capitalization of $103.82 billion, a P/E ratio of 12.58, a PEG ratio of 1.79 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.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating 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 firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.11%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

Toronto-Dominion Bank Company 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.