Commonwealth Equity Services LLC Has $7.17 Million Holdings in Toronto Dominion Bank (The) $TD

Commonwealth Equity Services LLC decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,731 shares of the bank’s stock after selling 12,832 shares during the period. Commonwealth Equity Services LLC’s holdings in Toronto Dominion Bank were worth $7,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TD. True Wealth Design LLC bought a new position in shares of Toronto Dominion Bank in the third quarter worth about $27,000. Mather Group LLC. bought a new position in Toronto Dominion Bank in the 3rd quarter worth approximately $30,000. Quaker Wealth Management LLC lifted its holdings in shares of Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Toronto Dominion Bank in the second quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Toronto Dominion Bank in the second quarter worth $34,000. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock opened at $93.92 on Wednesday. The firm has a market cap of $158.67 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The firm’s 50-day simple moving average is $88.36 and its 200-day simple moving average is $80.70. Toronto Dominion Bank has a twelve month low of $54.14 and a twelve month high of $96.44. 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 (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 earnings per share. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be given a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TD shares. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

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.