Whittier Trust Co. of Nevada Inc. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Whittier Trust Co. of Nevada Inc. trimmed its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 66.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,113 shares of the bank’s stock after selling 2,190 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Toronto-Dominion Bank were worth $61,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TD. International Assets Investment Management LLC acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $2,961,000. CWM LLC grew its stake in Toronto-Dominion Bank by 15.2% in the 4th quarter. CWM LLC now owns 6,528 shares of the bank’s stock worth $422,000 after acquiring an additional 863 shares during the period. Yousif Capital Management LLC raised its holdings in Toronto-Dominion Bank by 7.4% in the 4th quarter. Yousif Capital Management LLC now owns 32,380 shares of the bank’s stock valued at $2,092,000 after acquiring an additional 2,225 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Toronto-Dominion Bank by 80.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,783 shares of the bank’s stock worth $115,000 after purchasing an additional 795 shares during the period. Finally, First Trust Direct Indexing L.P. grew its position in shares of Toronto-Dominion Bank by 16.5% in the fourth quarter. First Trust Direct Indexing L.P. now owns 12,042 shares of the bank’s stock valued at $778,000 after purchasing an additional 1,702 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the topic of a number of research analyst reports. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. 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 on the stock in a research report on Friday, May 24th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, UBS Group began coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Up 0.8 %

NYSE:TD traded up $0.48 during trading hours on Thursday, hitting $59.91. The stock had a trading volume of 784,564 shares, compared to its average volume of 2,739,393. The company has a market cap of $104.68 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.82. The business has a 50 day simple moving average of $57.02 and a two-hundred day simple moving average of $57.66. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.27%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. Analysts predict that The Toronto-Dominion Bank will post 5.89 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 4.93%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 67.05%.

Toronto-Dominion Bank Company 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.