Parallel Advisors LLC Sells 165 Shares of Toronto Dominion Bank (The) $TD

Parallel Advisors LLC reduced its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,631 shares of the bank’s stock after selling 165 shares during the quarter. Parallel Advisors LLC’s holdings in Toronto Dominion Bank were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TD. Goldman Sachs Group Inc. lifted its holdings in Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after acquiring an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in Toronto Dominion Bank by 48.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after acquiring an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Toronto Dominion Bank by 81.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the period. JPMorgan Chase & Co. lifted its holdings in Toronto Dominion Bank by 38.6% during the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after acquiring an additional 2,780,984 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after buying an additional 2,057,784 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Trading Up 0.3%

Shares of TD stock opened at $78.61 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $74.63 and a two-hundred day moving average price of $68.27. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $79.49. The firm has a market cap of $133.70 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 1.69 and a beta of 0.81.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.3%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is presently 36.10%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TD shares. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Hold” and an average price target of $93.00.

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.