Natixis reduced its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,579 shares of the bank’s stock after selling 27,012 shares during the period. Natixis’ holdings in Toronto-Dominion Bank were worth $4,354,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $102,000. Synovus Financial Corp purchased a new position in Toronto-Dominion Bank during the first quarter valued at $102,000. Institutional & Family Asset Management LLC purchased a new position in Toronto-Dominion Bank during the first quarter valued at $136,000. Financial Gravity Companies Inc. purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $176,000. Finally, Buckingham Asset Management LLC purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 48.60% of the company’s stock.
Several research firms have recently issued reports on TD. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Friday, May 4th. ValuEngine lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Desjardins raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $79.00.
Toronto-Dominion Bank opened at $57.19 on Wednesday, according to MarketBeat Ratings. The stock has a market capitalization of $106.38 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Toronto-Dominion Bank has a one year low of $48.60 and a one year high of $75.46. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 24th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.45. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $8.76 billion. Toronto-Dominion Bank had a return on equity of 16.50% and a net margin of 22.03%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. sell-side analysts expect that Toronto-Dominion Bank will post 4.9 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be paid a dividend of $0.5239 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, July 9th. Toronto-Dominion Bank’s payout ratio is currently 49.06%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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