The Toronto-Dominion Bank (NYSE:TD) Holdings Trimmed by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,238 shares of the bank’s stock after selling 1,806 shares during the period. Kestra Private Wealth Services LLC’s holdings in Toronto-Dominion Bank were worth $1,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its stake in Toronto-Dominion Bank by 10.6% in the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock valued at $117,000 after buying an additional 174 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after acquiring an additional 174 shares in the last quarter. Cooper Financial Group boosted its position in Toronto-Dominion Bank by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after purchasing an additional 188 shares during the last quarter. Costello Asset Management INC grew its stake in Toronto-Dominion Bank by 3.3% in the third quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after purchasing an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in Toronto-Dominion Bank by 1.3% in the 3rd quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock worth $960,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $54.66 on Friday. The Toronto-Dominion Bank has a 1-year low of $54.12 and a 1-year high of $66.15. The firm has a fifty day simple moving average of $59.16 and a 200-day simple moving average of $60.03. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $96.38 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.70 and a beta of 0.85.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm 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%. On average, sell-side analysts expect that The Toronto-Dominion Bank will post 5.77 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TD shares. Barclays began coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $89.33.

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.