Healthcare of Ontario Pension Plan Trust Fund Sells 5,370,320 Shares of The Toronto-Dominion Bank (NYSE:TD)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 59.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,731,715 shares of the bank’s stock after selling 5,370,320 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Toronto-Dominion Bank were worth $205,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Toronto-Dominion Bank during the 1st quarter worth about $29,000. LifeSteps Financial Inc. bought a new position in shares of Toronto-Dominion Bank during the first quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new position in shares of Toronto-Dominion Bank during the second quarter valued at approximately $31,000. Optiver Holding B.V. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $39,000. Finally, Blue Trust Inc. lifted its stake in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $63.14 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $60.09 and its 200-day moving average price is $58.06. The firm has a market cap of $110.39 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.85 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 posted its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating 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 the consensus estimate of $9.40 billion. During the same quarter last year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 67.73%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TD shares. 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 shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, StockNews.com cut 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.