Tableaux LLC Cuts Stake in Toronto Dominion Bank (The) $TD

Tableaux LLC trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 50.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,465 shares of the bank’s stock after selling 36,845 shares during the quarter. Toronto Dominion Bank comprises about 0.6% of Tableaux LLC’s holdings, making the stock its 23rd biggest holding. Tableaux LLC’s holdings in Toronto Dominion Bank were worth $3,435,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Main Line Retirement Advisors LLC grew its position in Toronto Dominion Bank by 0.9% during the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Toronto Dominion Bank by 8.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its position in Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after purchasing an additional 122 shares during the last quarter. Commons Capital LLC grew its position in Toronto Dominion Bank by 0.7% during the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $117.32 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $193.87 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.72. The company’s 50-day simple moving average is $107.43 and its two-hundred day simple moving average is $98.43. Toronto Dominion Bank has a 52-week low of $70.09 and a 52-week high of $117.95.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the business earned $1.97 EPS. The business’s revenue for the quarter was down 31.1% compared to the same quarter last year. As a group, analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 48.52%.

Wall Street Analyst Weigh In

TD has been the topic of several research analyst reports. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.