The Toronto-Dominion Bank (NYSE:TD) Holdings Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,788 shares of the bank’s stock after selling 12,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Toronto-Dominion Bank were worth $12,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc increased its position in Toronto-Dominion Bank by 28.9% in the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock worth $3,017,384,000 after purchasing an additional 10,415,591 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Toronto-Dominion Bank by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock worth $2,154,141,000 after purchasing an additional 105,772 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Toronto-Dominion Bank by 6.2% during the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after purchasing an additional 1,736,931 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Toronto-Dominion Bank by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock valued at $653,194,000 after purchasing an additional 358,283 shares in the last quarter. Finally, Scotia Capital Inc. boosted its holdings in Toronto-Dominion Bank by 0.9% in the fourth quarter. Scotia Capital Inc. now owns 11,097,698 shares of the bank’s stock worth $716,322,000 after purchasing an additional 93,854 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD opened at $64.56 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $59.22 and its two-hundred day moving average price is $57.89. The firm has a market capitalization of $112.81 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Toronto-Dominion Bank’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

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

Analysts Set New Price Targets

TD has been the subject of a number of analyst reports. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. UBS Group started coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.00.

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.