NBC Securities Inc. Sells 342 Shares of The Toronto-Dominion Bank (NYSE:TD)

NBC Securities Inc. cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the bank’s stock after selling 342 shares during the period. NBC Securities Inc.’s holdings in Toronto-Dominion Bank were worth $166,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TD. Private Trust Co. NA raised its stake in Toronto-Dominion Bank by 10.6% during the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after buying an additional 174 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after purchasing an additional 174 shares during the period. Cooper Financial Group increased its holdings in Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after purchasing an additional 188 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Toronto-Dominion Bank by 16.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,770 shares of the bank’s stock valued at $114,000 after buying an additional 250 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Toronto-Dominion Bank by 15.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,958 shares of the bank’s stock worth $127,000 after buying an additional 258 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $54.02 on Monday. The business’s fifty day moving average price is $56.29 and its 200-day moving average price is $59.13. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $66.15. The stock has a market capitalization of $94.39 billion, a PE ratio of 12.28, a P/E/G ratio of 1.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is 68.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TD shares. BMO Capital Markets reduced their target price on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. National Bank Financial downgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. Barclays began coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Finally, Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.00.

Toronto-Dominion Bank Company Profile

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.