The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Whittier Trust Co. of Nevada Inc.

Posted by Defense World Staff on Apr 7th, 2023

Whittier Trust Co. of Nevada Inc. reduced its stake in The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,617 shares of the bank’s stock after selling 786 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Toronto-Dominion Bank were worth $234,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. increased its holdings in Toronto-Dominion Bank by 1.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after purchasing an additional 161 shares in the last quarter. Blue Chip Partners Inc. grew its stake in shares of Toronto-Dominion Bank by 3.8% during the third quarter. Blue Chip Partners Inc. now owns 4,664 shares of the bank’s stock valued at $286,000 after acquiring an additional 171 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Toronto-Dominion Bank by 6.5% during the fourth quarter. Private Trust Co. NA now owns 2,795 shares of the bank’s stock valued at $181,000 after acquiring an additional 171 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Toronto-Dominion Bank by 75.1% during the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its stake in shares of Toronto-Dominion Bank by 3.2% during the fourth quarter. YHB Investment Advisors Inc. now owns 5,976 shares of the bank’s stock valued at $387,000 after acquiring an additional 186 shares in the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $59.07 on Friday. The firm’s 50 day moving average is $63.94 and its two-hundred day moving average is $64.45. The Toronto-Dominion Bank has a 52 week low of $55.43 and a 52 week high of $78.22. The firm has a market capitalization of $108.10 billion, a P/E ratio of 9.33, a PEG ratio of 1.15 and a beta of 0.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last posted its quarterly earnings data on Thursday, March 2nd. The bank reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. Toronto-Dominion Bank had a net margin of 18.23% and a return on equity of 16.02%. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.97 billion. Analysts anticipate that The Toronto-Dominion Bank will post 6.57 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a dividend of $0.721 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, April 5th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on TD shares. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, March 3rd. Desjardins raised their target price on shares of Toronto-Dominion Bank from C$105.00 to C$106.00 in a report on Tuesday, February 7th. Finally, StockNews.com began coverage on shares of Toronto-Dominion Bank in a report on Thursday, March 16th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.57.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.