The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lowered its position in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,165,138 shares of the bank’s stock after selling 113,054 shares during the quarter. Burgundy Asset Management Ltd. owned 0.06% of Toronto-Dominion Bank worth $89,127,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TD. National Bank of Canada FI acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $368,308,000. AustralianSuper Pty Ltd bought a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth about $351,922,000. Massachusetts Financial Services Co. MA increased its position in shares of Toronto-Dominion Bank by 34.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,011,848 shares of the bank’s stock worth $662,285,000 after purchasing an additional 2,547,192 shares in the last quarter. Mufg Securities Canada LTD. increased its position in shares of Toronto-Dominion Bank by 140.9% during the 4th quarter. Mufg Securities Canada LTD. now owns 2,343,769 shares of the bank’s stock worth $179,884,000 after purchasing an additional 1,371,024 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Toronto-Dominion Bank by 17.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,055,104 shares of the bank’s stock valued at $598,735,000 after acquiring an additional 1,321,933 shares in the last quarter. Institutional investors and hedge funds own 50.00% of the company’s stock.

Several research analysts recently weighed in on TD shares. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, April 29th. Stifel Nicolaus lowered their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$104.00 in a report on Friday, April 8th. National Bank Financial downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Monday, March 7th. StockNews.com assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Scotiabank lowered their price objective on shares of Toronto-Dominion Bank from C$116.00 to C$105.00 in a report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of $100.11.

Shares of NYSE:TD traded up $0.59 on Friday, hitting $71.13. The company had a trading volume of 2,408,082 shares, compared to its average volume of 3,240,775. The Toronto-Dominion Bank has a 1-year low of $62.81 and a 1-year high of $86.01. The stock has a market cap of $128.42 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.37 and a beta of 0.96. The stock has a 50 day moving average price of $76.29 and a 200 day moving average price of $77.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last released its quarterly earnings data on Thursday, March 3rd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. Toronto-Dominion Bank had a net margin of 30.57% and a return on equity of 16.18%. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $10.28 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 6.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 30th. Shareholders of record on Friday, April 8th were issued a $0.702 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.81 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 7th. Toronto-Dominion Bank’s payout ratio is currently 44.81%.

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.

See Also

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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