J.P. Morgan Private Wealth Advisors LLC Cuts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

J.P. Morgan Private Wealth Advisors LLC cut its stake in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,473 shares of the bank’s stock after selling 645 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,535,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TD. Kestra Private Wealth Services LLC increased its position in shares of Toronto-Dominion Bank by 13.3% in the third quarter. Kestra Private Wealth Services LLC now owns 18,044 shares of the bank’s stock valued at $1,087,000 after buying an additional 2,122 shares in the last quarter. M. Kulyk & Associates LLC increased its position in shares of Toronto-Dominion Bank by 5.4% in the third quarter. M. Kulyk & Associates LLC now owns 141,359 shares of the bank’s stock valued at $8,518,000 after buying an additional 7,294 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $306,000. Great Valley Advisor Group Inc. increased its position in shares of Toronto-Dominion Bank by 6.2% in the third quarter. Great Valley Advisor Group Inc. now owns 21,255 shares of the bank’s stock valued at $1,281,000 after buying an additional 1,248 shares in the last quarter. Finally, Schechter Investment Advisors LLC increased its position in shares of Toronto-Dominion Bank by 73.3% in the third quarter. Schechter Investment Advisors LLC now owns 7,263 shares of the bank’s stock valued at $438,000 after buying an additional 3,073 shares in the last quarter. 51.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TD has been the subject of several research reports. CIBC cut Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Finally, StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $93.00.

Read Our Latest Analysis on Toronto-Dominion Bank

Toronto-Dominion Bank Stock Up 0.5 %

Shares of NYSE:TD opened at $59.36 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $61.60 and a two-hundred day moving average of $60.90. The stock has a market cap of $105.35 billion, a P/E ratio of 14.30, a PEG ratio of 2.30 and a beta of 0.87. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-week high of $70.67.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last issued its earnings results on Thursday, November 30th. The bank reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). The company had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Toronto-Dominion Bank had a net margin of 10.65% and a return on equity of 14.68%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, research analysts expect that The Toronto-Dominion Bank will post 5.87 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were issued a $0.7506 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 5.06%. The ex-dividend date was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 68.19%.

Toronto-Dominion Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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