Rathbones Group PLC Decreases Stock Position in Toronto Dominion Bank (The) $TD

Rathbones Group PLC decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,435 shares of the bank’s stock after selling 1,219 shares during the period. Rathbones Group PLC’s holdings in Toronto Dominion Bank were worth $2,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balanced Rock Investment Advisors LLC increased its position in shares of Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after acquiring an additional 163 shares during the last quarter. Wright Investors Service Inc. increased its holdings in Toronto Dominion Bank by 3.1% during the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock worth $428,000 after purchasing an additional 173 shares during the last quarter. Intrua Financial LLC raised its position in shares of Toronto Dominion Bank by 2.4% in the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after purchasing an additional 183 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Toronto Dominion Bank by 1.9% during the 2nd quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock valued at $808,000 after buying an additional 207 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Toronto Dominion Bank by 2.4% during the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock valued at $533,000 after buying an additional 211 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TD. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

TD opened at $81.09 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $79.21 and its 200 day moving average price is $73.72. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.88. The firm has a market cap of $137.57 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. As a group, sell-side analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is 35.16%.

About Toronto Dominion Bank

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.