Davis Rea LTD. Sells 9,299 Shares of Toronto-Dominion Bank (NYSE:TD)

Davis Rea LTD. reduced its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,726 shares of the bank’s stock after selling 9,299 shares during the quarter. Toronto-Dominion Bank accounts for 7.3% of Davis Rea LTD.’s portfolio, making the stock its largest position. Davis Rea LTD.’s holdings in Toronto-Dominion Bank were worth $10,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norway Savings Bank grew its position in shares of Toronto-Dominion Bank by 34.5% during the fourth quarter. Norway Savings Bank now owns 1,479 shares of the bank’s stock worth $74,000 after acquiring an additional 379 shares during the last quarter. First Manhattan Co. grew its position in Toronto-Dominion Bank by 106.9% in the 3rd quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock valued at $119,000 after buying an additional 1,018 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in Toronto-Dominion Bank by 166.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,391 shares of the bank’s stock valued at $119,000 after buying an additional 1,495 shares in the last quarter. Huntington National Bank grew its position in Toronto-Dominion Bank by 216.9% in the 3rd quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock valued at $129,000 after buying an additional 1,447 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $200,000. Institutional investors own 47.65% of the company’s stock.

NYSE:TD opened at $56.46 on Thursday. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00. The company has a market capitalization of $103.08 billion, a P/E ratio of 11.22, a PEG ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, November 29th. The bank reported $1.63 EPS for the quarter, beating the consensus estimate of $1.23 by $0.40. Toronto-Dominion Bank had a return on equity of 16.78% and a net margin of 21.27%. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter last year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 5.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 10th were given a $0.509 dividend. The ex-dividend date was Wednesday, January 9th. This represents a $2.04 annualized dividend and a dividend yield of 3.61%. Toronto-Dominion Bank’s dividend payout ratio is 39.17%.

A number of brokerages have weighed in on TD. ValuEngine downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 30th. TheStreet lowered shares of Toronto-Dominion Bank from a “b-” rating to a “c” rating in a research note on Thursday, November 29th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Toronto-Dominion Bank in a research report on Monday, December 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $60.00.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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