The Toronto-Dominion Bank (NYSE:TD) Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,270 shares of the bank’s stock after purchasing an additional 1,270 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Toronto-Dominion Bank were worth $729,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $1,213,000. Gradient Investments LLC increased its stake in shares of Toronto-Dominion Bank by 3.0% in the 2nd quarter. Gradient Investments LLC now owns 8,159 shares of the bank’s stock valued at $448,000 after purchasing an additional 239 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares in the last quarter. Old Port Advisors increased its stake in shares of Toronto-Dominion Bank by 3.2% in the 2nd quarter. Old Port Advisors now owns 7,480 shares of the bank’s stock valued at $411,000 after purchasing an additional 234 shares in the last quarter. Finally, Cordatus Wealth Management LLC purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $411,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $0.46 during trading hours on Friday, reaching $58.98. The company had a trading volume of 1,195,429 shares, compared to its average volume of 2,023,450. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $56.35 and a 200-day moving average of $57.69. The company has a market capitalization of $103.06 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.59 and a beta of 0.82. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12.

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, beating analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.87 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s payout ratio is presently 67.73%.

Analyst Ratings Changes

Several brokerages recently weighed in on TD. StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. National Bank Financial lowered Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. UBS Group assumed coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. BMO Capital Markets cut their price objective on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Finally, Cibc World Mkts upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.00.

Toronto-Dominion Bank Company 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.