Stonnington Group LLC Reduces Stock Position in The Toronto-Dominion Bank (NYSE:TD)

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Stonnington Group LLC cut its holdings in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,910 shares of the bank’s stock after selling 180 shares during the period. Stonnington Group LLC’s holdings in Toronto-Dominion Bank were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacifica Partners Inc. lifted its position in shares of Toronto-Dominion Bank by 0.8% during the first quarter. Pacifica Partners Inc. now owns 45,509 shares of the bank’s stock worth $3,604,000 after acquiring an additional 341 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in Toronto-Dominion Bank during the 1st quarter worth about $125,000. Cooper Financial Group boosted its stake in Toronto-Dominion Bank by 6.7% in the 1st quarter. Cooper Financial Group now owns 4,052 shares of the bank’s stock worth $322,000 after purchasing an additional 254 shares during the period. Veriti Management LLC grew its holdings in Toronto-Dominion Bank by 5.3% during the 1st quarter. Veriti Management LLC now owns 11,610 shares of the bank’s stock valued at $922,000 after buying an additional 585 shares in the last quarter. Finally, First National Bank of South Miami lifted its holdings in shares of Toronto-Dominion Bank by 18.6% in the first quarter. First National Bank of South Miami now owns 2,732 shares of the bank’s stock worth $217,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 50.00% of the company’s stock.

Several research analysts have commented on TD shares. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$110.00 to C$113.00 in a report on Monday, March 7th. StockNews.com began coverage on Toronto-Dominion Bank in a report on Thursday, March 31st. They set a “hold” rating for the company. Scotiabank lowered their target price on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research note on Friday, May 20th. Stifel Nicolaus lifted their target price on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 in a research report on Friday, May 27th. Finally, National Bank Financial increased their price target on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a report on Friday, May 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.02.

NYSE TD opened at $64.69 on Friday. The firm has a market cap of $116.88 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95. The Toronto-Dominion Bank has a 1-year low of $62.81 and a 1-year high of $86.01. The stock has a 50-day moving average of $72.35 and a 200-day moving average of $76.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its quarterly earnings data on Thursday, May 26th. The bank reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.45. Toronto-Dominion Bank had a return on equity of 15.98% and a net margin of 24.49%. The firm had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that The Toronto-Dominion Bank will post 6.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Friday, July 8th will be given a dividend of $0.692 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $2.77 annualized dividend and a yield of 4.28%. Toronto-Dominion Bank’s payout ratio is currently 44.39%.

Toronto-Dominion Bank Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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