The Toronto-Dominion Bank (NYSE:TD) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 53.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,121 shares of the bank’s stock after selling 17,087 shares during the quarter. XTX Topco Ltd’s holdings in Toronto-Dominion Bank were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TD. Sienna Gestion boosted its stake in Toronto-Dominion Bank by 1.3% during the second quarter. Sienna Gestion now owns 226,193 shares of the bank’s stock valued at $12,424,000 after buying an additional 2,822 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Toronto-Dominion Bank by 7.0% during the 2nd quarter. Blair William & Co. IL now owns 20,596 shares of the bank’s stock valued at $1,132,000 after purchasing an additional 1,354 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Toronto-Dominion Bank by 13.0% in the 2nd quarter. Virtu Financial LLC now owns 34,159 shares of the bank’s stock worth $1,877,000 after purchasing an additional 3,940 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Toronto-Dominion Bank by 117.5% in the 2nd quarter. Quantbot Technologies LP now owns 96,941 shares of the bank’s stock worth $5,328,000 after purchasing an additional 52,361 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Toronto-Dominion Bank by 61.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after purchasing an additional 2,215,185 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TD has been the topic of several research reports. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, UBS Group began coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Stock Performance

TD stock opened at $64.56 on Monday. The firm has a 50 day simple moving average of $59.22 and a 200 day simple moving average of $57.87. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The stock has a market cap of $112.81 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter last year, the business posted $1.48 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts anticipate that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.739 dividend. This represents a $2.96 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 68.64%.

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.