The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,100 shares of the bank’s stock after selling 16,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toronto-Dominion Bank were worth $24,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after buying an additional 170 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of Toronto-Dominion Bank by 1.9% during the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock valued at $556,000 after acquiring an additional 190 shares during the period. Balanced Rock Investment Advisors LLC boosted its stake in shares of Toronto-Dominion Bank by 1.4% during the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock worth $822,000 after acquiring an additional 203 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after acquiring an additional 209 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in Toronto-Dominion Bank by 8.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,610 shares of the bank’s stock valued at $143,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TD. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of TD stock opened at $55.03 on Tuesday. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The company has a market capitalization of $96.22 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.56 and a beta of 0.82. The firm has a 50-day moving average price of $60.06 and a 200 day moving average price of $57.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Research analysts forecast that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.739 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

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.