Corient Private Wealth LLC Decreases Holdings in Toronto Dominion Bank (The) $TD

Corient Private Wealth LLC trimmed its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,292 shares of the bank’s stock after selling 15,411 shares during the period. Corient Private Wealth LLC’s holdings in Toronto Dominion Bank were worth $4,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $32,000. Richardson Financial Services Inc. purchased a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $34,000. Tobam raised its holdings in shares of Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after purchasing an additional 151 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $92.81 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $93.30. The stock has a market cap of $156.80 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The stock has a fifty day moving average of $83.72 and a 200-day moving average of $77.85.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a dividend of $1.08 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 35.82%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Finally, Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.