Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 58.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,212 shares of the bank’s stock after selling 601,776 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toronto Dominion Bank were worth $25,015,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of Toronto Dominion Bank by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after acquiring an additional 487 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Toronto Dominion Bank by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after acquiring an additional 92 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth about $203,000. ARGI Investment Services LLC purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth about $205,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of Toronto Dominion Bank during the 4th quarter worth about $206,000. 48.93% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday. CIBC upgraded shares of Toronto Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 1st. Bank of America upped their price target on shares of Toronto Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Finally, Scotiabank restated a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $76.80.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, November 30th. The bank reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.02). The business had revenue of $7.42 billion during the quarter, compared to analyst estimates of $7.13 billion. Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.17%. analysts anticipate that Toronto Dominion Bank will post 4.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were issued a $0.466 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.22%. Toronto Dominion Bank’s payout ratio is 46.32%.
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About Toronto Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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