The Toronto-Dominion Bank (NYSE:TD) Shares Sold by TFG Advisers LLC

TFG Advisers LLC trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,509 shares of the bank’s stock after selling 519 shares during the period. TFG Advisers LLC’s holdings in Toronto-Dominion Bank were worth $412,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Toronto-Dominion Bank by 61.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after buying an additional 2,215,185 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Toronto-Dominion Bank by 31.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock worth $549,550,000 after acquiring an additional 2,188,263 shares during the last quarter. National Bank of Canada FI raised its position in Toronto-Dominion Bank by 6.2% in the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after purchasing an additional 1,736,931 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Toronto-Dominion Bank by 6.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Toronto-Dominion Bank by 17.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock worth $493,880,000 after purchasing an additional 1,238,502 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. UBS Group began coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Stock Down 1.2 %

TD stock traded down $0.67 during midday trading on Wednesday, hitting $56.60. The company’s stock had a trading volume of 360,806 shares, compared to its average volume of 2,801,910. The firm has a 50-day simple moving average of $60.63 and a 200-day simple moving average of $57.99. The firm has a market capitalization of $98.90 billion, a P/E ratio of 13.02, a PEG ratio of 1.65 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 annualized dividend and a yield of 5.22%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 68.41%.

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.