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 Channel.com 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

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD).

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

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