Baskin Financial Services Inc. Sells 788 Shares of Toronto Dominion Bank (The) $TD

Baskin Financial Services Inc. lowered its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,399 shares of the bank’s stock after selling 788 shares during the period. Baskin Financial Services Inc.’s holdings in Toronto Dominion Bank were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $32,000. ORG Partners LLC bought a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $34,000. Brentview Investment Management LLC bought a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $40,000. Finally, Colonial Trust Advisors bought a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $44,000. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.7%

Shares of TD stock opened at $79.89 on Friday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The stock has a market cap of $135.87 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.65 and a beta of 0.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $76.23 and a two-hundred day simple moving average of $70.20.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is currently 36.10%.

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.