Financial Architects Inc decreased its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,991 shares of the bank’s stock after selling 529 shares during the period. Financial Architects Inc’s holdings in Toronto-Dominion Bank were worth $339,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blair William & Co. IL increased its stake in shares of Toronto-Dominion Bank by 30.3% in the fourth quarter. Blair William & Co. IL now owns 381,966 shares of the bank’s stock valued at $21,440,000 after buying an additional 88,760 shares in the last quarter. Jarislowsky Fraser Ltd increased its holdings in shares of Toronto-Dominion Bank by 1.0% during the 4th quarter. Jarislowsky Fraser Ltd now owns 21,673,705 shares of the bank’s stock worth $1,217,270,000 after acquiring an additional 207,688 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Toronto-Dominion Bank by 1.6% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 141,142 shares of the bank’s stock valued at $7,922,000 after buying an additional 2,195 shares in the last quarter. K.J. Harrison & Partners Inc lifted its position in shares of Toronto-Dominion Bank by 26.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 131,547 shares of the bank’s stock valued at $7,389,000 after acquiring an additional 27,732 shares during the period. Finally, Marshall Wace North America L.P. lifted its position in shares of Toronto-Dominion Bank by 134.0% during the 4th quarter. Marshall Wace North America L.P. now owns 161,900 shares of the bank’s stock worth $9,092,000 after buying an additional 92,700 shares during the last quarter. 48.93% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on TD. Zacks Investment Research upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Friday. Scotiabank reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research report on Tuesday, March 31st. Canaccord Genuity cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Barclays decreased their target price on Toronto-Dominion Bank from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, ValuEngine lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $73.69.

Shares of Toronto-Dominion Bank stock traded down $0.41 during trading on Friday, hitting $38.95. 1,714,205 shares of the company were exchanged, compared to its average volume of 2,336,708. The firm has a market capitalization of $70.02 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.36 and a beta of 0.86. The firm’s fifty day moving average price is $40.75 and its 200 day moving average price is $51.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.00 and a quick ratio of 1.00. Toronto-Dominion Bank has a 1-year low of $33.74 and a 1-year high of $59.55.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, February 27th. The bank reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.41. Toronto-Dominion Bank had a return on equity of 15.51% and a net margin of 20.73%. The firm had revenue of $10.61 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Toronto-Dominion Bank will post 4.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were issued a dividend of $0.597 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.56. This represents a $2.39 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend was Wednesday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.73%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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