Louisbourg Investments Inc. Lowers Stock Holdings in Toronto Dominion Bank (The) $TD

Louisbourg Investments Inc. lowered its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 40.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,974 shares of the bank’s stock after selling 49,369 shares during the quarter. Louisbourg Investments Inc.’s holdings in Toronto Dominion Bank were worth $5,431,000 at the end of the most recent reporting period.

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

Toronto Dominion Bank Price Performance

TD stock opened at $78.36 on Friday. The business has a fifty day moving average of $76.35 and a two-hundred day moving average of $70.32. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The stock has a market cap of $133.28 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.80. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. As a group, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.4%. Toronto Dominion Bank’s payout ratio is presently 36.10%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Hold” and an average target price of $93.00.

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.