The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,343 shares of the bank’s stock after selling 478 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Toronto-Dominion Bank were worth $216,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TD. Raymond James Trust N.A. boosted its position in Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after purchasing an additional 161 shares during the period. Private Trust Co. NA boosted its position in Toronto-Dominion Bank by 10.6% during the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock valued at $117,000 after purchasing an additional 174 shares during the period. Stratos Wealth Partners LTD. boosted its position in Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 174 shares during the period. Centaurus Financial Inc. boosted its position in Toronto-Dominion Bank by 7.7% during the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after purchasing an additional 174 shares during the period. Finally, State Street Corp boosted its position in Toronto-Dominion Bank by 2.3% during the 1st quarter. State Street Corp now owns 8,058 shares of the bank’s stock valued at $483,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.8 %

TD opened at $56.14 on Wednesday. The Toronto-Dominion Bank has a one year low of $54.69 and a one year high of $66.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $59.48 and its 200-day moving average is $60.09. The company has a market capitalization of $98.99 billion, a PE ratio of 12.00, a P/E/G ratio of 1.74 and a beta of 0.86.

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

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, April 8th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s payout ratio is currently 30.56%.

Analysts Set New Price Targets

Several analysts have weighed in on TD shares. Barclays started coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 20th. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently 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.