Public Sector Pension Investment Board Sells 1,007,986 Shares of The Toronto-Dominion Bank (NYSE:TD)

Public Sector Pension Investment Board reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 81.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,919 shares of the bank’s stock after selling 1,007,986 shares during the period. Public Sector Pension Investment Board’s holdings in Toronto-Dominion Bank were worth $12,746,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Park Avenue Securities LLC raised its position in Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 184 shares during the last quarter. Consolidated Portfolio Review Corp increased its position in Toronto-Dominion Bank by 1.6% in the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock valued at $699,000 after acquiring an additional 186 shares during the period. First Affirmative Financial Network raised its stake in shares of Toronto-Dominion Bank by 1.9% during the second quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock valued at $556,000 after acquiring an additional 190 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Toronto-Dominion Bank by 0.5% during the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock worth $2,123,000 after purchasing an additional 191 shares during the period. Finally, Balanced Rock Investment Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock worth $822,000 after purchasing an additional 203 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TD. National Bank Financial upgraded 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 shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Stock Down 1.1 %

Toronto-Dominion Bank stock opened at $63.87 on Tuesday. The firm’s fifty day moving average is $59.36 and its 200 day moving average is $57.90. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The company has a market capitalization of $111.60 billion, a PE ratio of 14.52, a PEG ratio of 1.84 and a beta of 0.81. 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 announced its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. As a group, sell-side analysts predict that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend 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.