The Toronto-Dominion Bank (NYSE:TD) Stake Lessened by Crescent Sterling Ltd.

Crescent Sterling Ltd. lowered its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,815 shares of the bank’s stock after selling 855 shares during the period. Toronto-Dominion Bank makes up 1.3% of Crescent Sterling Ltd.’s portfolio, making the stock its 26th biggest position. Crescent Sterling Ltd.’s holdings in Toronto-Dominion Bank were worth $1,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cooper Financial Group raised its holdings in shares of Toronto-Dominion Bank by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after acquiring an additional 188 shares in the last quarter. Cape Cod Five Cents Savings Bank raised its holdings in shares of Toronto-Dominion Bank by 100.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock worth $1,011,000 after acquiring an additional 8,390 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of Toronto-Dominion Bank by 6.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock worth $497,000 after acquiring an additional 434 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of Toronto-Dominion Bank by 17.3% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,351,526 shares of the bank’s stock worth $87,784,000 after acquiring an additional 199,603 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Toronto-Dominion Bank by 35.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848,539 shares of the bank’s stock worth $55,098,000 after acquiring an additional 224,241 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD traded down $0.01 on Tuesday, hitting $59.32. 2,182,471 shares of the stock traded hands, compared to its average volume of 2,963,223. The Toronto-Dominion Bank has a 52 week low of $54.69 and a 52 week high of $66.15. 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 firm has a market capitalization of $104.59 billion, a PE ratio of 12.68, a P/E/G ratio of 1.83 and a beta of 0.86. The business has a fifty day moving average price of $59.33 and a two-hundred day moving average price of $60.09.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. 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 business also recently disclosed 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. This represents a $3.01 dividend on an annualized basis and a yield of 5.07%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is presently 30.56%.

Analyst Ratings Changes

Several research firms have commented on TD. 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. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.33.

About Toronto-Dominion Bank

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.