D.A. Davidson & CO. Has $661,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

D.A. Davidson & CO. lowered its position in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,963 shares of the bank’s stock after selling 213 shares during the period. D.A. Davidson & CO.’s holdings in Toronto-Dominion Bank were worth $661,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Toronto-Dominion Bank by 17.1% during the 2nd quarter. LPL Financial LLC now owns 208,401 shares of the bank’s stock valued at $12,923,000 after acquiring an additional 30,486 shares during the last quarter. Geode Capital Management LLC lifted its position in Toronto-Dominion Bank by 6.5% in the 2nd quarter. Geode Capital Management LLC now owns 6,458,708 shares of the bank’s stock worth $402,207,000 after buying an additional 395,289 shares during the last quarter. Barometer Capital Management Inc. lifted its position in Toronto-Dominion Bank by 84.4% in the 3rd quarter. Barometer Capital Management Inc. now owns 160,078 shares of the bank’s stock worth $9,646,000 after buying an additional 73,274 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Toronto-Dominion Bank by 18.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 624,298 shares of the bank’s stock worth $37,786,000 after buying an additional 99,373 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new stake in Toronto-Dominion Bank in the 2nd quarter worth approximately $15,899,000. Institutional investors own 51.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TD. CIBC downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Bank of America downgraded 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 note on Wednesday, December 20th. Finally, StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.00.

Check Out Our Latest Stock Analysis on TD

Toronto-Dominion Bank Price Performance

TD opened at $59.40 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-week high of $70.67. The stock has a market capitalization of $105.42 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87. The stock’s 50 day moving average price is $61.57 and its 200-day moving average price is $60.86.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted 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). Toronto-Dominion Bank had a net margin of 10.65% and a return on equity of 14.68%. The business had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the firm posted $1.64 earnings per share. Toronto-Dominion Bank’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.87 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.7506 per share. The ex-dividend date was Tuesday, January 9th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 5.05%. Toronto-Dominion Bank’s payout ratio is 68.19%.

Toronto-Dominion Bank Company 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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