Bessemer Group Inc. Sells 15,524 Shares of Toronto Dominion Bank (The) $TD

Bessemer Group Inc. lessened its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 688,990 shares of the bank’s stock after selling 15,524 shares during the quarter. Bessemer Group Inc.’s holdings in Toronto Dominion Bank were worth $64,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Canerector Inc. raised its stake in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after purchasing an additional 22,056,000 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Toronto Dominion Bank by 25.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after purchasing an additional 3,129,457 shares during the period. Quadrature Capital Ltd raised its stake in Toronto Dominion Bank by 5,566.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock valued at $196,028,000 after purchasing an additional 2,408,334 shares during the period. Caisse de depot et placement du Quebec raised its stake in Toronto Dominion Bank by 70.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock valued at $188,746,000 after purchasing an additional 972,513 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Toronto Dominion Bank by 85.1% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,845,369 shares of the bank’s stock valued at $147,556,000 after purchasing an additional 848,662 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $107.69 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. Toronto Dominion Bank has a 1 year low of $64.12 and a 1 year high of $109.22. The stock’s 50 day simple moving average is $100.04 and its two-hundred day simple moving average is $93.97. The company has a market cap of $178.34 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.22 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 EPS. As a group, equities analysts anticipate that Toronto Dominion Bank will post 6.91 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s payout ratio is currently 34.36%.

Analyst Ratings Changes

A number of analysts have issued reports on TD shares. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.