The Toronto-Dominion Bank (NYSE:TD) Position Lessened by UMB Bank n.a.

UMB Bank n.a. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 17.5% during the 4th quarter, Holdings reports. The institutional investor owned 21,974 shares of the bank’s stock after selling 4,650 shares during the quarter. UMB Bank n.a.’s holdings in Toronto-Dominion Bank were worth $1,420,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Toronto-Dominion Bank during the first quarter valued at about $26,000. Fortis Capital Advisors LLC bought a new position in Toronto-Dominion Bank during the fourth quarter valued at about $26,000. PCA Investment Advisory Services Inc. bought a new position in Toronto-Dominion Bank during the second quarter valued at about $26,000. Bray Capital Advisors raised its holdings in Toronto-Dominion Bank by 206.7% during the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Toronto-Dominion Bank in the second quarter worth about $31,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $59.61 on Thursday. The firm has a market capitalization of $105.23 billion, a PE ratio of 12.74, a PEG ratio of 1.83 and a beta of 0.86. 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 Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The business’s 50 day moving average is $59.97 and its 200-day moving average is $60.28.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced 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. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 45.73%.

Analyst Ratings Changes

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

Read Our Latest Stock Report on TD

Toronto-Dominion Bank Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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