Sax Wealth Advisors LLC reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 24.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,285 shares of the bank’s stock after selling 1,057 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. boosted its position in Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after acquiring an additional 161 shares in the last quarter. Centaurus Financial Inc. boosted its position in Toronto-Dominion Bank by 7.7% during the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after acquiring an additional 174 shares in the last quarter. Summit Global Investments boosted its position in Toronto-Dominion Bank by 3.5% during the 1st quarter. Summit Global Investments now owns 5,515 shares of the bank’s stock valued at $330,000 after acquiring an additional 184 shares in the last quarter. State Street Corp boosted its position in Toronto-Dominion Bank by 2.3% during the 1st quarter. State Street Corp now owns 8,058 shares of the bank’s stock valued at $483,000 after acquiring an additional 184 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Toronto-Dominion Bank by 5.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,578 shares of the bank’s stock valued at $222,000 after acquiring an additional 187 shares in the last quarter. 51.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. StockNews.com assumed coverage on Toronto-Dominion Bank in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $96.00 to $94.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. Barclays lowered their price objective on Toronto-Dominion Bank from $84.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 25th. Finally, Credit Suisse Group lowered their price objective on Toronto-Dominion Bank from $93.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.83.
Toronto-Dominion Bank Price Performance
Shares of Toronto-Dominion Bank stock opened at $60.75 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $59.25 and a 200 day moving average price of $60.67. The firm has a market cap of $109.47 billion, a PE ratio of 10.75, a P/E/G ratio of 2.00 and a beta of 0.90. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $70.67.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, August 24th. The bank reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). The company had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9 billion. Toronto-Dominion Bank had a net margin of 15.25% and a return on equity of 15.17%. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.97 earnings per share for the current fiscal year.
Toronto-Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 4.77%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, October 5th. Toronto-Dominion Bank’s dividend payout ratio is presently 48.87%.
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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.
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