The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,228 shares of the bank’s stock after selling 2,382 shares during the period. Fulton Bank N.A.’s holdings in Toronto-Dominion Bank were worth $900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of 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 acquiring an additional 2,215,185 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Toronto-Dominion Bank by 31.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after purchasing an additional 2,188,263 shares in the last quarter. National Bank of Canada FI raised its position in shares of Toronto-Dominion Bank by 6.2% in the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after purchasing an additional 1,736,931 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Toronto-Dominion Bank by 17.9% in the first quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock worth $493,880,000 after buying an additional 1,238,502 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, UBS Group assumed coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $63.41 on Wednesday. The company has a market cap of $110.86 billion, a PE ratio of 14.41, a P/E/G ratio of 1.86 and a beta of 0.81. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The firm has a 50-day simple moving average of $60.43 and a 200 day simple moving average of $58.13. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current 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 paid a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 67.73%.

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.