Wesbanco Bank Inc. cut its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,721 shares of the bank’s stock after selling 824 shares during the quarter. Wesbanco Bank Inc.’s holdings in Toronto-Dominion Bank were worth $931,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Baird Financial Group Inc. increased its stake in Toronto-Dominion Bank by 4.5% during the third quarter. Baird Financial Group Inc. now owns 546,045 shares of the bank’s stock worth $33,160,000 after acquiring an additional 23,615 shares during the last quarter. Norway Savings Bank increased its stake in Toronto-Dominion Bank by 34.5% during the fourth quarter. Norway Savings Bank now owns 1,479 shares of the bank’s stock worth $74,000 after acquiring an additional 379 shares during the last quarter. Resources Management Corp CT ADV acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $11,398,000. LVM Capital Management Ltd. MI increased its stake in Toronto-Dominion Bank by 0.9% during the fourth quarter. LVM Capital Management Ltd. MI now owns 189,747 shares of the bank’s stock worth $9,434,000 after acquiring an additional 1,625 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Toronto-Dominion Bank by 0.7% during the third quarter. CIBC Asset Management Inc now owns 17,745,849 shares of the bank’s stock worth $1,077,525,000 after acquiring an additional 118,913 shares during the last quarter. Institutional investors own 47.65% of the company’s stock.

A number of research firms have recently issued reports on TD. ValuEngine lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 30th. TheStreet lowered Toronto-Dominion Bank from a “b-” rating to a “c” rating in a research note on Thursday, November 29th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Toronto-Dominion Bank in a research note on Monday, December 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.00.

TD traded down $0.23 on Monday, reaching $56.05. The company’s stock had a trading volume of 53,631 shares, compared to its average volume of 1,337,494. The company has a market capitalization of $103.08 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.39 and a beta of 1.07. Toronto-Dominion Bank has a 1 year low of $47.73 and a 1 year high of $62.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, November 29th. The bank reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.40. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $9.31 billion. Toronto-Dominion Bank had a return on equity of 16.78% and a net margin of 21.27%. Toronto-Dominion Bank’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 earnings per share. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 5.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Thursday, January 10th were issued a $0.509 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 39.17%.

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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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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.

See Also: Earnings Per Share (EPS)

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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