Investment Partners LTD. Sells 1,127 Shares of The Toronto-Dominion Bank (NYSE:TD)

Investment Partners LTD. lowered its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,216 shares of the bank’s stock after selling 1,127 shares during the period. Investment Partners LTD.’s holdings in Toronto-Dominion Bank were worth $208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TD. Private Trust Co. NA lifted its holdings in shares of Toronto-Dominion Bank by 10.6% in the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock valued at $117,000 after purchasing an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Toronto-Dominion Bank by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 174 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after purchasing an additional 188 shares in the last quarter. Costello Asset Management INC lifted its holdings in shares of Toronto-Dominion Bank by 3.3% in the third quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after purchasing an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of Toronto-Dominion Bank by 1.3% in the third quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock valued at $960,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.27 on Friday, reaching $59.38. 2,542,598 shares of the company’s stock traded hands, compared to its average volume of 3,322,045. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $104.70 billion, a PE ratio of 12.69, a PEG ratio of 1.82 and a beta of 0.86. The stock’s 50 day simple moving average is $59.35 and its two-hundred day simple moving average is $60.07. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-week high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. On average, analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share 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 given a $0.7519 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Finally, Barclays started coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $89.33.

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.