Cypress Capital Group Sells 270 Shares of Toronto Dominion Bank (The) $TD

Cypress Capital Group lessened its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,241 shares of the bank’s stock after selling 270 shares during the period. Cypress Capital Group’s holdings in Toronto Dominion Bank were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC grew its position in Toronto Dominion Bank by 15.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,493 shares of the bank’s stock valued at $2,534,000 after acquiring an additional 4,630 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in Toronto Dominion Bank by 7.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,035 shares of the bank’s stock valued at $443,000 after acquiring an additional 400 shares during the last quarter. Natural Investments LLC grew its position in Toronto Dominion Bank by 5.3% in the second quarter. Natural Investments LLC now owns 11,100 shares of the bank’s stock valued at $815,000 after acquiring an additional 556 shares during the last quarter. Richardson Financial Services Inc. bought a new position in Toronto Dominion Bank in the second quarter valued at about $34,000. Finally, Brucke Financial Inc. grew its position in Toronto Dominion Bank by 5.8% in the second quarter. Brucke Financial Inc. now owns 6,996 shares of the bank’s stock valued at $514,000 after acquiring an additional 382 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $78.83 on Tuesday. The business’s 50 day simple moving average is $76.46 and its 200 day simple moving average is $70.58. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.08. The stock has a market capitalization of $134.08 billion, a PE ratio of 9.21, a PEG ratio of 1.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02.

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 the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a $1.05 dividend. The ex-dividend date is Friday, October 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.3%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” 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, Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.00.

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.