Mercer Global Advisors Inc. ADV Trims Position in The Toronto-Dominion Bank (NYSE:TD)

Mercer Global Advisors Inc. ADV cut its position in The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,851 shares of the bank’s stock after selling 1,250 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Toronto-Dominion Bank were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TD. Fairfield Bush & CO. bought a new position in shares of Toronto-Dominion Bank during the first quarter worth $26,000. U.S. Capital Wealth Advisors LLC bought a new position in Toronto-Dominion Bank during the fourth quarter valued at $39,000. McElhenny Sheffield Capital Management LLC bought a new position in Toronto-Dominion Bank during the fourth quarter valued at $40,000. Armstrong Advisory Group Inc. bought a new position in Toronto-Dominion Bank during the fourth quarter valued at $59,000. Finally, Ronald Blue Trust Inc. lifted its position in Toronto-Dominion Bank by 146.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,166 shares of the bank’s stock valued at $72,000 after purchasing an additional 693 shares during the last quarter. 49.22% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of NYSE:TD opened at $61.21 on Wednesday. The firm’s 50 day moving average price is $59.94 and its 200 day moving average price is $64.01. The stock has a market cap of $112.60 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88. The Toronto-Dominion Bank has a fifty-two week low of $55.43 and a fifty-two week high of $77.15. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last posted its quarterly earnings data on Thursday, March 2nd. The bank reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. Toronto-Dominion Bank had a net margin of 18.23% and a return on equity of 16.02%. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.97 billion. As a group, equities research analysts predict that The Toronto-Dominion Bank will post 6.44 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were paid a $0.721 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $2.88 annualized dividend and a yield of 4.71%. Toronto-Dominion Bank’s payout ratio is presently 44.87%.

Analyst Ratings Changes

Several research firms have recently issued reports on TD. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Friday, March 3rd. Desjardins raised their target price on shares of Toronto-Dominion Bank from C$105.00 to C$106.00 in a report on Tuesday, February 7th. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “sector outperform” rating in a report on Monday, April 17th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.