Generali Investments CEE investicni spolecnost a.s. Sells 7,000 Shares of Toronto Dominion Bank (The) $TD

Generali Investments CEE investicni spolecnost a.s. decreased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 13.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 46,000 shares of the bank’s stock after selling 7,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Toronto Dominion Bank were worth $3,678,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Toronto Dominion Bank during the second quarter valued at approximately $1,543,639,000. Goldman Sachs Group Inc. boosted its holdings in shares of Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after buying an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in Toronto Dominion Bank by 48.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after buying an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Toronto Dominion Bank by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in Toronto Dominion Bank during the 2nd quarter worth $267,475,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $92.81 on Monday. The firm has a market capitalization of $156.80 billion, a PE ratio of 11.01, a PEG ratio of 1.29 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $93.30. The business’s 50 day moving average is $83.72 and its 200-day moving average is $77.91.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The business had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same period in the prior year, the company posted $1.72 earnings per share. Toronto Dominion Bank’s revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on TD. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.