Victory Capital Management Inc. Has $652,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Victory Capital Management Inc. cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 40.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,086 shares of the bank’s stock after selling 6,814 shares during the period. Victory Capital Management Inc.’s holdings in Toronto-Dominion Bank were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TD. Cooper Financial Group lifted its position in shares of Toronto-Dominion Bank by 2.4% in the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after purchasing an additional 188 shares during the period. Cape Cod Five Cents Savings Bank lifted its position in shares of Toronto-Dominion Bank by 100.0% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock worth $1,011,000 after purchasing an additional 8,390 shares during the period. CWM LLC increased its stake in shares of Toronto-Dominion Bank by 15.2% in the 4th quarter. CWM LLC now owns 6,528 shares of the bank’s stock valued at $422,000 after acquiring an additional 863 shares in the last quarter. Schechter Investment Advisors LLC increased its stake in shares of Toronto-Dominion Bank by 6.0% in the 4th quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock valued at $497,000 after acquiring an additional 434 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Toronto-Dominion Bank by 35.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848,539 shares of the bank’s stock valued at $55,098,000 after acquiring an additional 224,241 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $55.01 on Friday. The Toronto-Dominion Bank has a 1 year low of $54.12 and a 1 year high of $66.15. 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 firm has a market cap of $96.79 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.75 and a beta of 0.84. The company has a fifty day moving average price of $58.12 and a 200-day moving average price of $59.95.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. As a group, equities research analysts predict that The Toronto-Dominion Bank will post 5.76 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were issued a $0.7519 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 64.53%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. 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. Barclays assumed coverage on shares of 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, National Bank Financial lowered shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.