LGT Group Foundation Sells 130,796 Shares of The Toronto-Dominion Bank (NYSE:TD)

LGT Group Foundation trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,250 shares of the bank’s stock after selling 130,796 shares during the quarter. LGT Group Foundation’s holdings in Toronto-Dominion Bank were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Bray Capital Advisors raised its holdings in Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after purchasing an additional 310 shares during the period. Bank of New Hampshire bought a new position in Toronto-Dominion Bank in the 4th quarter worth $32,000. Avior Wealth Management LLC raised its holdings in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares during the period. Bruce G. Allen Investments LLC bought a new position in Toronto-Dominion Bank in the 4th quarter worth $50,000. Finally, Bfsg LLC bought a new position in Toronto-Dominion Bank in the 4th quarter worth $57,000. 52.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Toronto-Dominion Bank Trading Down 5.9 %

Shares of TD stock opened at $54.66 on Friday. The Toronto-Dominion Bank has a 52-week low of $54.12 and a 52-week high of $66.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $96.37 billion, a PE ratio of 11.68, a PEG ratio of 1.81 and a beta of 0.85. The stock has a fifty day simple moving average of $59.27 and a two-hundred day simple moving average of $60.06.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (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 analyst estimates of $9.35 billion. On average, analysts predict that The Toronto-Dominion Bank will post 5.79 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

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.