Toronto Dominion Bank (The) $TD Stock Holdings Cut by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,175,219 shares of the bank’s stock after selling 84,358 shares during the quarter. Toronto Dominion Bank makes up approximately 6.3% of TD Waterhouse Canada Inc.’s portfolio, making the stock its largest holding. TD Waterhouse Canada Inc. owned 1.23% of Toronto Dominion Bank worth $2,372,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Hillsdale Investment Management Inc. lifted its stake in shares of Toronto Dominion Bank by 3.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock valued at $112,185,000 after buying an additional 34,921 shares in the last quarter. State of Wyoming grew its stake in Toronto Dominion Bank by 1,018.7% in the 1st quarter. State of Wyoming now owns 22,765 shares of the bank’s stock valued at $2,119,000 after buying an additional 20,730 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Toronto Dominion Bank in the 2nd quarter valued at approximately $202,900,000. Ninepoint Partners LP bought a new stake in Toronto Dominion Bank during the 2nd quarter valued at $29,903,000. Finally, Bank of America Corp DE raised its holdings in Toronto Dominion Bank by 7.8% during the 1st quarter. Bank of America Corp DE now owns 4,967,545 shares of the bank’s stock valued at $463,522,000 after acquiring an additional 358,412 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of several recent research reports. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Keefe, Bruyette & Woods began coverage on Toronto Dominion Bank in a research note on Friday, August 21st. They set a “market perform” rating on the stock. Finally, Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.00.

Toronto Dominion Bank Price Performance

Shares of TD stock traded up $0.62 during trading hours on Friday, reaching $120.39. The stock had a trading volume of 1,358,464 shares, compared to its average volume of 2,113,662. The stock’s fifty day simple moving average is $119.91 and its 200 day simple moving average is $115.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $78.47 and a 12 month high of $125.46. The firm has a market capitalization of $198.02 billion, a PE ratio of 17.89, a PEG ratio of 1.19 and a beta of 0.75.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.24. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The business had revenue of $12.07 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. Toronto Dominion Bank’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a dividend of C$1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s payout ratio is 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.