The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 43.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,123 shares of the bank’s stock after selling 874 shares during the period. Fifth Third Bancorp’s holdings in Toronto-Dominion Bank were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Toronto-Dominion Bank by 1.8% during the third quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after purchasing an additional 1,303,730 shares in the last quarter. National Bank of Canada FI raised its holdings in Toronto-Dominion Bank by 20.8% in the third quarter. National Bank of Canada FI now owns 38,707,020 shares of the bank’s stock valued at $2,275,959,000 after acquiring an additional 6,665,503 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Toronto-Dominion Bank by 2.0% in the fourth quarter. 1832 Asset Management L.P. now owns 23,907,865 shares of the bank’s stock valued at $1,548,273,000 after acquiring an additional 468,658 shares in the last quarter. Norges Bank acquired a new stake in Toronto-Dominion Bank in the fourth quarter valued at $1,484,341,000. Finally, CIBC Asset Management Inc raised its holdings in Toronto-Dominion Bank by 0.4% in the third quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock valued at $1,082,848,000 after acquiring an additional 76,129 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America cut shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a report on Monday, December 18th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, December 20th. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Finally, Barclays initiated coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Stock Down 2.5 %

TD stock opened at $57.59 on Thursday. The firm has a fifty day moving average price of $59.73 and a two-hundred day moving average price of $60.20. The firm has a market cap of $101.66 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Research analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.22%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio is currently 30.56%.

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.