Capital Analysts LLC Sells 325 Shares of The Toronto-Dominion Bank (NYSE:TD)

Capital Analysts LLC reduced its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 22.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,129 shares of the bank’s stock after selling 325 shares during the quarter. Capital Analysts LLC’s holdings in Toronto-Dominion Bank were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fairfield Bush & CO. purchased a new stake in Toronto-Dominion Bank during the 1st quarter valued at about $26,000. BlackRock Inc. increased its position in shares of Toronto-Dominion Bank by 6.3% during the first quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock valued at $72,595,000 after acquiring an additional 54,121 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Toronto-Dominion Bank in the 1st quarter worth approximately $200,000. Raymond James Trust N.A. lifted its position in Toronto-Dominion Bank by 1.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after acquiring an additional 161 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Toronto-Dominion Bank by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock valued at $955,000 after purchasing an additional 2,154 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of several recent analyst reports. Scotiabank upgraded 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 note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Finally, Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Trading Up 0.8 %

Shares of Toronto-Dominion Bank stock opened at $57.25 on Friday. 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 stock has a market capitalization of $100.94 billion, a PE ratio of 12.23, a P/E/G ratio of 1.75 and a beta of 0.86. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The company’s fifty day simple moving average is $59.39 and its 200-day simple moving average is $60.05.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. As a group, equities analysts anticipate that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.25%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is currently 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.