The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 41.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,219 shares of the bank’s stock after purchasing an additional 8,885 shares during the quarter. Virtu Financial LLC’s holdings in Toronto-Dominion Bank were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Mather Group LLC. acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at $29,000. LifeSteps Financial Inc. acquired a new position in Toronto-Dominion Bank in the 1st quarter valued at $30,000. Bank of New Hampshire acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at $32,000. Avior Wealth Management LLC increased its stake in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after buying an additional 286 shares during the period. Finally, Optiver Holding B.V. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TD. National Bank Financial cut shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating on the stock. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Toronto-Dominion Bank Stock Down 2.4 %

NYSE TD traded down $1.41 on Friday, reaching $56.68. The company had a trading volume of 4,197,862 shares, compared to its average volume of 2,861,731. The firm has a market capitalization of $99.00 billion, a PE ratio of 12.88, a P/E/G ratio of 1.62 and a beta of 0.82. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.22. The firm has a 50-day moving average of $56.04 and a 200-day moving average of $57.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.86 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 67.73%.

About Toronto-Dominion Bank

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.