Montrusco Bolton Investments Inc. Sells 47,240 Shares of Toronto Dominion Bank (The) $TD

Montrusco Bolton Investments Inc. lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.9% during the third quarter, Holdings Channel.com reports. The fund owned 486,409 shares of the bank’s stock after selling 47,240 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Toronto Dominion Bank were worth $38,902,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. True Wealth Design LLC bought a new position in Toronto Dominion Bank during the 3rd quarter worth $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank during the 3rd quarter worth approximately $30,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at $33,000. Quaker Wealth Management LLC increased its holdings in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter valued at $32,000. 52.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TD shares. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Sunday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Up 2.1%

TD opened at $97.13 on Thursday. The business’s fifty day simple moving average is $94.88 and its 200 day simple moving average is $85.29. 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 has a 52 week low of $54.87 and a 52 week high of $99.04. The stock has a market cap of $162.33 billion, a PE ratio of 11.52, a P/E/G ratio of 1.27 and a beta of 0.67.

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

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is 37.37%.

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.