Vontobel Holding Ltd. Sells 45,810 Shares of The Toronto-Dominion Bank (NYSE:TD)

Vontobel Holding Ltd. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 69.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,094 shares of the bank’s stock after selling 45,810 shares during the quarter. Vontobel Holding Ltd.’s holdings in Toronto-Dominion Bank were worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TD. Mather Group LLC. acquired a new position in shares of Toronto-Dominion Bank during the first quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new position in Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. lifted its position in shares of Toronto-Dominion Bank by 50.7% in 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 period. Kimelman & Baird LLC acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth approximately $49,000. Finally, BOKF NA increased its position in shares of Toronto-Dominion Bank by 203.6% during the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after purchasing an additional 680 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TD has been the subject of several research reports. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. UBS Group assumed coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of Toronto-Dominion Bank stock opened at $56.35 on Friday. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The stock has a market capitalization of $98.46 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81. The company has a 50-day simple moving average of $60.65 and a 200 day simple moving average of $58.04. 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 posted its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The company had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Research analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.739 dividend. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.25%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 68.41%.

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.