Gradient Investments LLC Cuts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Gradient Investments LLC reduced its position in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 6.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,741 shares of the bank’s stock after selling 492 shares during the quarter. Gradient Investments LLC’s holdings in Toronto-Dominion Bank were worth $535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TD. Fairfield Bush & CO. purchased a new stake in Toronto-Dominion Bank during the 1st quarter valued at about $26,000. Jones Financial Companies Lllp purchased a new stake in Toronto-Dominion Bank during the 1st quarter valued at about $38,000. AdvisorNet Financial Inc boosted its holdings in Toronto-Dominion Bank by 55.6% during the 1st quarter. AdvisorNet Financial Inc now owns 557 shares of the bank’s stock valued at $44,000 after acquiring an additional 199 shares during the period. Mystic Asset Management Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $46,000. Finally, Citizens National Bank Trust Department purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $61,000. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Down 0.0 %

Shares of NYSE:TD opened at $66.51 on Friday. The Toronto-Dominion Bank has a 52-week low of $58.64 and a 52-week high of $86.01. The firm has a market capitalization of $120.67 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.49 and a beta of 0.94. The stock has a 50 day moving average price of $65.00 and a 200-day moving average price of $70.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.94.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last posted its quarterly earnings data on Thursday, August 25th. The bank reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.05. Toronto-Dominion Bank had a return on equity of 16.09% and a net margin of 22.93%. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, equities research analysts anticipate that The Toronto-Dominion Bank will post 6.34 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be given a dividend of $0.696 per share. This represents a $2.78 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.69. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TD shares. National Bank Financial upped their price target on Toronto-Dominion Bank from C$102.00 to C$106.00 in a research report on Friday, August 26th. Scotiabank lowered their price target on Toronto-Dominion Bank from C$102.00 to C$101.00 in a research report on Thursday, August 18th. Stifel Nicolaus lowered their price target on Toronto-Dominion Bank from C$97.00 to C$93.00 in a research report on Wednesday, July 13th. CIBC lowered their price target on Toronto-Dominion Bank from C$100.00 to C$97.00 in a research report on Tuesday, August 16th. Finally, Credit Suisse Group upped their price target on Toronto-Dominion Bank from C$94.00 to C$95.00 in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.36.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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

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