The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,181 shares of the bank’s stock after selling 640 shares during the quarter. Delta Financial Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,756,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooper Financial Group lifted its stake 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 in the last quarter. Cape Cod Five Cents Savings Bank lifted its stake in shares of Toronto-Dominion Bank by 100.0% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock worth $1,011,000 after purchasing an additional 8,390 shares during the period. Schechter Investment Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 6.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock worth $497,000 after purchasing an additional 434 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,351,526 shares of the bank’s stock worth $87,784,000 after purchasing an additional 199,603 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Toronto-Dominion Bank by 35.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848,539 shares of the bank’s stock worth $55,098,000 after purchasing an additional 224,241 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Barclays started coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating for the company. Five equities 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, the stock has a consensus rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Price Performance

Shares of TD traded up $0.43 during mid-day trading on Thursday, hitting $57.25. The company’s stock had a trading volume of 1,031,357 shares, compared to its average volume of 2,910,868. The firm has a 50-day moving average price of $59.43 and a 200 day moving average price of $60.07. The stock has a market capitalization of $100.94 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, research analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

Toronto-Dominion Bank 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.