Hudson Valley Investment Advisors Inc. ADV decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,758 shares of the bank’s stock after selling 1,443 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Toronto Dominion Bank were worth $1,392,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Heathbridge Capital Management Ltd. grew its position in shares of Toronto Dominion Bank by 1.1% during the fourth quarter. Heathbridge Capital Management Ltd. now owns 494,570 shares of the bank’s stock valued at $28,522,000 after purchasing an additional 5,270 shares in the last quarter. Atria Investments LLC grew its position in Toronto Dominion Bank by 23.3% in the fourth quarter. Atria Investments LLC now owns 6,841 shares of the bank’s stock worth $401,000 after acquiring an additional 1,292 shares in the last quarter. KCS Wealth Advisory purchased a new position in Toronto Dominion Bank in the fourth quarter worth about $364,000. Covenant Asset Management LLC grew its position in Toronto Dominion Bank by 6.8% in the fourth quarter. Covenant Asset Management LLC now owns 17,750 shares of the bank’s stock worth $1,040,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in Toronto Dominion Bank by 20.8% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,025,188 shares of the bank’s stock worth $177,824,000 after acquiring an additional 520,777 shares in the last quarter. Hedge funds and other institutional investors own 48.76% of the company’s stock.
Several research analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price target on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Macquarie assumed coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Scotiabank reiterated a “buy” rating and issued a $83.00 price target on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.50.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, November 30th. The bank reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.17%. analysts predict that Toronto Dominion Bank will post 4.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.466 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.16%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 42.31%.
About Toronto Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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