DSM Capital Partners LLC Reduces Stock Position in The Toronto-Dominion Bank (NYSE:TD)

DSM Capital Partners LLC reduced its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 45.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,410 shares of the bank’s stock after selling 5,320 shares during the period. DSM Capital Partners LLC’s holdings in Toronto-Dominion Bank were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Private Trust Co. NA boosted its stake 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 purchasing an additional 174 shares during the period. Stratos Wealth Partners LTD. boosted its stake 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 purchasing an additional 174 shares during the period. Cooper Financial Group boosted its position in Toronto-Dominion Bank by 2.4% in the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after buying an additional 188 shares during the period. Costello Asset Management INC boosted its position in Toronto-Dominion Bank by 3.3% in the 3rd quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after buying an additional 200 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in Toronto-Dominion Bank by 16.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,770 shares of the bank’s stock valued at $114,000 after buying an additional 250 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TD shares. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Barclays started coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. BMO Capital Markets lowered their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday. Finally, National Bank Financial lowered shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.00.

Toronto-Dominion Bank Stock Up 2.8 %

Shares of NYSE TD traded up $1.55 during trading hours on Friday, hitting $56.56. 2,701,031 shares of the stock were exchanged, compared to its average volume of 3,135,615. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market cap of $99.52 billion, a PE ratio of 12.85, a PEG ratio of 1.75 and a beta of 0.84. The firm has a fifty day moving average price of $58.05 and a 200-day moving average price of $59.94. The Toronto-Dominion Bank has a 12 month low of $54.12 and a 12 month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, topping the consensus estimate of $1.35 by $0.15. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.35%. On average, sell-side analysts expect that The Toronto-Dominion Bank will post 5.73 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 68.64%.

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.