The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC lessened its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,505 shares of the bank’s stock after selling 534 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $91,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Toronto-Dominion Bank in the 1st quarter valued at $29,000. Bank of New Hampshire acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. Avior Wealth Management LLC lifted its holdings in 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 acquiring an additional 286 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Toronto-Dominion Bank in the fourth quarter valued at $39,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $50,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TD. BMO Capital Markets lowered their target price on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. National Bank Financial downgraded 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 note on Friday, May 24th. Finally, Barclays started coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.00.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded up $0.23 on Thursday, reaching $54.93. 464,605 shares of the stock were exchanged, compared to its average volume of 2,884,331. The firm has a market capitalization of $95.98 billion, a PE ratio of 12.44, a PEG ratio of 1.50 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $66.15. The business has a fifty day moving average price of $56.20 and a two-hundred day moving average price of $59.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.

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

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 68.64%.

Toronto-Dominion Bank 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.