The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,100 shares of the bank’s stock after selling 16,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toronto-Dominion Bank were worth $24,315,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TD. PDS Planning Inc lifted its holdings in Toronto-Dominion Bank by 7.5% during the 3rd quarter. PDS Planning Inc now owns 6,357 shares of the bank’s stock worth $402,000 after buying an additional 441 shares during the last quarter. Old North State Wealth Management LLC acquired a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at approximately $210,000. Van ECK Associates Corp lifted its stake in Toronto-Dominion Bank by 25.2% during the third quarter. Van ECK Associates Corp now owns 465,365 shares of the bank’s stock worth $29,439,000 after purchasing an additional 93,716 shares during the last quarter. Keystone Financial Planning Inc. boosted its holdings in Toronto-Dominion Bank by 1.0% in the third quarter. Keystone Financial Planning Inc. now owns 113,179 shares of the bank’s stock worth $7,160,000 after purchasing an additional 1,150 shares during the period. Finally, US Bancorp DE increased its stake in Toronto-Dominion Bank by 3.2% during the third quarter. US Bancorp DE now owns 17,396 shares of the bank’s stock valued at $1,100,000 after purchasing an additional 535 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of NYSE:TD opened at $55.03 on Tuesday. 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 company’s 50-day moving average price is $60.06 and its 200 day moving average price is $57.89. The company has a market cap of $96.22 billion, a PE ratio of 17.58, a P/E/G ratio of 1.56 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data 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. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.82 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.49%.

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.