Shell Asset Management Co. lessened its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,204 shares of the bank’s stock after selling 54,426 shares during the period. Shell Asset Management Co.’s holdings in Toronto-Dominion Bank were worth $20,840,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Penobscot Investment Management Company Inc. lifted its holdings in shares of Toronto-Dominion Bank by 4.0% during the third quarter. Penobscot Investment Management Company Inc. now owns 23,624 shares of the bank’s stock worth $1,436,000 after purchasing an additional 900 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Toronto-Dominion Bank by 1.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 68,537 shares of the bank’s stock worth $4,167,000 after purchasing an additional 992 shares during the period. First Manhattan Co. lifted its holdings in shares of Toronto-Dominion Bank by 106.9% during the third quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock worth $119,000 after purchasing an additional 1,018 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 14.1% during the second quarter. Riverhead Capital Management LLC now owns 9,127 shares of the bank’s stock worth $528,000 after purchasing an additional 1,127 shares during the period. Finally, Resource Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 19.1% during the second quarter. Resource Management LLC now owns 7,171 shares of the bank’s stock worth $414,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 47.43% of the company’s stock.
A number of equities analysts have recently commented on TD shares. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, November 9th. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a report on Tuesday, September 4th. ValuEngine lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $77.67.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 30th. The bank reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.43. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.23 billion. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. During the same quarter in the previous year, the business earned $1.51 earnings per share. Equities analysts anticipate that Toronto-Dominion Bank will post 4.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th were issued a $0.5144 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $2.06 annualized dividend and a yield of 3.83%. Toronto-Dominion Bank’s payout ratio is 49.06%.
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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. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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