Ossiam Lowers Position in The Toronto-Dominion Bank (NYSE:TD)

Ossiam lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,597 shares of the bank’s stock after selling 21,935 shares during the period. Ossiam’s holdings in Toronto-Dominion Bank were worth $7,648,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Toronto-Dominion Bank by 31.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after purchasing an additional 2,188,263 shares in the last quarter. National Bank of Canada FI lifted its position in Toronto-Dominion Bank by 6.2% during the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after buying an additional 1,736,931 shares in the last quarter. Bessemer Group Inc. grew its stake in Toronto-Dominion Bank by 192.4% during the first quarter. Bessemer Group Inc. now owns 67,246 shares of the bank’s stock worth $4,059,000 after buying an additional 44,249 shares during the period. Davis R M Inc. increased its position in shares of Toronto-Dominion Bank by 13.5% in the first quarter. Davis R M Inc. now owns 11,288 shares of the bank’s stock worth $682,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Nicola Wealth Management LTD. increased its position in shares of Toronto-Dominion Bank by 9.9% in the first quarter. Nicola Wealth Management LTD. now owns 342,002 shares of the bank’s stock worth $20,650,000 after acquiring an additional 30,800 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.7 %

Shares of Toronto-Dominion Bank stock traded up $0.43 on Thursday, hitting $57.90. 1,515,527 shares of the company’s stock traded hands, compared to its average volume of 2,890,371. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $66.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $101.17 billion, a P/E ratio of 13.16, a PEG ratio of 1.59 and a beta of 0.82. The firm’s 50-day moving average is $55.84 and its 200 day moving average is $58.09.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. Equities analysts anticipate that The Toronto-Dominion Bank will post 5.86 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 67.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. National Bank Financial lowered Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. 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, May 24th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $88.00.

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.