Cape Cod Five Cents Savings Bank Sells 300 Shares of Toronto Dominion Bank (The) (TD)

Cape Cod Five Cents Savings Bank lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,269 shares of the bank’s stock after selling 300 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Toronto Dominion Bank (The) were worth $870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Toronto Dominion Bank (The) by 0.3% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 8,910 shares of the bank’s stock valued at $446,000 after buying an additional 30 shares in the last quarter. Johanson Financial Advisors Inc. boosted its position in shares of Toronto Dominion Bank (The) by 0.8% in the second quarter. Johanson Financial Advisors Inc. now owns 7,841 shares of the bank’s stock valued at $394,000 after buying an additional 66 shares in the last quarter. Davis R M Inc. boosted its position in shares of Toronto Dominion Bank (The) by 0.6% in the first quarter. Davis R M Inc. now owns 15,372 shares of the bank’s stock valued at $770,000 after buying an additional 88 shares in the last quarter. Wright Investors Service Inc. boosted its position in shares of Toronto Dominion Bank (The) by 0.8% in the first quarter. Wright Investors Service Inc. now owns 18,585 shares of the bank’s stock valued at $931,000 after buying an additional 150 shares in the last quarter. Finally, Security National Bank of SO Dak boosted its position in shares of Toronto Dominion Bank (The) by 0.9% in the first quarter. Security National Bank of SO Dak now owns 17,327 shares of the bank’s stock valued at $868,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Toronto Dominion Bank (TD) opened at 51.56 on Wednesday. The firm’s 50-day moving average price is $49.53 and its 200-day moving average price is $49.76. Toronto Dominion Bank has a 1-year low of $42.75 and a 1-year high of $54.44. The firm has a market capitalization of $95.05 billion, a PE ratio of 12.99 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. On average, equities research analysts predict that Toronto Dominion Bank will post $4.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 10th will be issued a dividend of $0.444 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.78 annualized dividend and a dividend yield of 3.44%. Toronto Dominion Bank (The)’s payout ratio is 48.18%.

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A number of research firms recently commented on TD. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday. Canaccord Genuity began coverage on Toronto Dominion Bank (The) in a report on Tuesday. They issued a “buy” rating on the stock. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.71.

About Toronto Dominion Bank (The)

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Institutional Ownership by Quarter for Toronto Dominion Bank (The) (NYSE:TD)

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