Toronto Dominion Bank (The) $TD Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,486 shares of the bank’s stock after selling 36,502 shares during the period. Walter Public Investments Inc.’s holdings in Toronto Dominion Bank were worth $5,462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lido Advisors LLC grew its stake in shares of Toronto Dominion Bank by 31.1% in the third quarter. Lido Advisors LLC now owns 2,566 shares of the bank’s stock valued at $302,000 after acquiring an additional 608 shares in the last quarter. Keybank National Association OH raised its stake in Toronto Dominion Bank by 2.7% in the 3rd quarter. Keybank National Association OH now owns 20,519 shares of the bank’s stock worth $2,412,000 after purchasing an additional 533 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in Toronto Dominion Bank by 12.3% in the 3rd quarter. AlphaCore Capital LLC now owns 2,100 shares of the bank’s stock valued at $247,000 after purchasing an additional 230 shares during the period. Bryn Mawr Trust Advisors LLC boosted its holdings in Toronto Dominion Bank by 3.7% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 2,720 shares of the bank’s stock valued at $320,000 after purchasing an additional 98 shares during the period. Finally, Ethic Inc. grew its position in shares of Toronto Dominion Bank by 13.2% during the 3rd quarter. Ethic Inc. now owns 26,170 shares of the bank’s stock worth $3,076,000 after purchasing an additional 3,045 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $124.27 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $201.77 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.13 and a beta of 0.72. The firm’s 50 day simple moving average is $121.30 and its 200 day simple moving average is $111.67. Toronto Dominion Bank has a 1 year low of $80.23 and a 1 year high of $128.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $10.70 billion. During the same period last year, the firm posted $2.20 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank declared that its board has approved a share repurchase program on Wednesday, September 30th that allows the company to repurchase $7.14 billion in outstanding shares. This buyback authorization allows the bank to repurchase up to 3.5% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Friday, October 9th were paid a C$1.12 dividend. The ex-dividend date was Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.66%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Keefe, Bruyette & Woods started coverage on Toronto Dominion Bank in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Weiss Ratings raised Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

About Toronto Dominion Bank

The Toronto-Dominion Bank, commonly known as TD Bank Group, is a Canadian financial services company serving personal, business, corporate and institutional clients. Its services include everyday banking, deposits, mortgages and other lending, credit cards, wealth management, insurance and capital markets services. TD operates primarily in Canada and the United States through businesses that include TD Canada Trust, TD Bank and TD Securities. It also provides investment and wealth-management services through its TD Wealth businesses.