Toronto Dominion Bank (The) $TD Shares Sold by Hennessy Advisors Inc.
by Amy Steele · The Cerbat GemHennessy Advisors Inc. trimmed its holdings in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,700 shares of the bank’s stock after selling 5,000 shares during the period. Hennessy Advisors Inc.’s holdings in Toronto Dominion Bank were worth $8,356,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. Main Line Retirement Advisors LLC grew its stake in Toronto Dominion Bank by 0.9% in the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after acquiring an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after acquiring an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its stake in Toronto Dominion Bank by 12.4% in the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after acquiring an additional 122 shares during the last quarter. Commons Capital LLC grew its stake in Toronto Dominion Bank by 0.7% in the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after acquiring an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Toronto Dominion Bank by 4.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after acquiring an additional 134 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.
Get Our Latest Report on Toronto Dominion Bank
Toronto Dominion Bank Price Performance
NYSE:TD opened at $105.32 on Monday. The firm has a market cap of $174.43 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $96.58 and its two-hundred day moving average is $90.72. Toronto Dominion Bank has a 12-month low of $60.47 and a 12-month high of $105.75.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last released its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 EPS. Research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.
Toronto Dominion Bank Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.
Toronto Dominion Bank Profile
Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.
TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.
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