Toronto Dominion Bank (The) (NYSE:TD) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,417 shares of the bank’s stock after selling 593 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Toronto Dominion Bank were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MFA Wealth Services boosted its stake in Toronto Dominion Bank by 4.5% during the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock valued at $250,000 after acquiring an additional 179 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock worth $90,000 after purchasing an additional 190 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank’s stock worth $205,000 after purchasing an additional 194 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank’s stock worth $97,000 after purchasing an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after buying an additional 230 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research reports. Scotiabank started coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a “sector perform” rating for the company. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

TD stock opened at $72.95 on Wednesday. The stock has a market cap of $125.12 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day simple moving average of $72.43 and a 200 day simple moving average of $64.53. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.58.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same quarter last year, the firm earned $2.04 earnings per share. Research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a $0.7568 dividend. The ex-dividend date was Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.73. Toronto Dominion Bank’s dividend payout ratio is 45.31%.

Toronto Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.