The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,457 shares of the bank’s stock after selling 910 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Toronto-Dominion Bank were worth $1,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Toronto-Dominion Bank by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank’s stock worth $132,141,000 after purchasing an additional 130,801 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its stake in Toronto-Dominion Bank by 2.7% during the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock worth $83,881,000 after buying an additional 37,002 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Toronto-Dominion Bank in the 1st quarter valued at $6,454,000. FORA Capital LLC acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter worth $4,025,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Toronto-Dominion Bank by 5,032.5% during the 4th quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock worth $1,022,000 after acquiring an additional 15,500 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 2.2 %

Shares of TD traded down $1.29 during midday trading on Thursday, hitting $58.47. 4,813,644 shares of the stock were exchanged, compared to its average volume of 2,781,296. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day simple moving average of $56.71 and a 200 day simple moving average of $57.68. The firm has a market cap of $102.22 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.62 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. On average, research analysts anticipate that The Toronto-Dominion Bank will post 5.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TD has been the subject of a number of analyst reports. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. BMO Capital Markets decreased their price objective on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. Finally, UBS Group started coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.00.

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.