The Toronto-Dominion Bank (NYSE:TD) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.6% during the first quarter, Holdings Channel reports. The firm owned 230,951 shares of the bank’s stock after selling 88,200 shares during the period. UniSuper Management Pty Ltd’s holdings in Toronto-Dominion Bank were worth $13,945,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Mather Group LLC. acquired a new position in Toronto-Dominion Bank during the first quarter valued at $29,000. Bank of New Hampshire purchased a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. LifeSteps Financial Inc. acquired a new stake in Toronto-Dominion Bank in the first quarter valued at approximately $30,000. Avior Wealth Management LLC increased its position in shares of Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after buying an additional 286 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $39,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TD shares. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. National Bank Financial lowered shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, UBS Group initiated coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of $88.00.

Toronto-Dominion Bank Price Performance

TD traded down $0.19 during trading on Tuesday, reaching $58.03. The company’s stock had a trading volume of 2,125,458 shares, compared to its average volume of 2,902,089. The company has a market cap of $101.39 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.59 and a beta of 0.82. The firm has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $58.09. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $66.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. As a group, analysts anticipate that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is currently 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.