The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,505 shares of the bank’s stock after selling 534 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mather Group LLC. bought a new position in Toronto-Dominion Bank during the first quarter valued at about $29,000. Bank of New Hampshire acquired a new stake in Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its holdings in Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after buying an additional 286 shares in the last quarter. Optiver Holding B.V. acquired a new position in Toronto-Dominion Bank in the fourth quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $50,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.4 %

TD stock traded up $0.23 during midday trading on Thursday, reaching $54.93. The company had a trading volume of 464,605 shares, compared to its average volume of 2,884,331. The company has a 50 day moving average of $56.20 and a two-hundred day moving average of $59.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $66.15. The company has a market capitalization of $95.98 billion, a P/E ratio of 12.44, a PEG ratio of 1.50 and a beta of 0.83.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.86 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.39%. Toronto-Dominion Bank’s payout ratio is 68.64%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TD. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. BMO Capital Markets decreased their target price on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. National Bank Financial downgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $88.00.

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.