Toronto Dominion Bank (The) $TD Shares Sold by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. trimmed its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 96.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,104 shares of the bank’s stock after selling 114,695 shares during the period. Keystone Financial Planning Inc.’s holdings in Toronto Dominion Bank were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TD. American Century Companies Inc. raised its position in Toronto Dominion Bank by 3.1% during the first quarter. American Century Companies Inc. now owns 344,422 shares of the bank’s stock worth $20,638,000 after acquiring an additional 10,285 shares during the period. Algert Global LLC acquired a new stake in shares of Toronto Dominion Bank in the first quarter valued at about $256,000. Northern Trust Corp increased its stake in shares of Toronto Dominion Bank by 16.5% during the first quarter. Northern Trust Corp now owns 1,331,006 shares of the bank’s stock worth $79,780,000 after purchasing an additional 188,437 shares in the last quarter. Colonial Trust Advisors acquired a new position in shares of Toronto Dominion Bank during the 1st quarter worth about $44,000. Finally, Legacy Financial Advisors Inc. purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $210,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the subject of several research reports. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Down 0.5%

Shares of NYSE:TD opened at $91.18 on Thursday. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $92.24. The stock has a market cap of $154.04 billion, a P/E ratio of 10.82, a PEG ratio of 1.28 and a beta of 0.69. The business has a fifty day moving average of $83.17 and a two-hundred day moving average of $77.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same quarter in the previous year, the company posted $1.72 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be paid a $1.08 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.7%. Toronto Dominion Bank’s dividend payout ratio is currently 35.82%.

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.