Toronto Dominion Bank (The) $TD Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 721,169 shares of the bank’s stock after selling 81,328 shares during the quarter. Toronto Dominion Bank comprises about 1.3% of Northwest & Ethical Investments L.P.’s holdings, making the stock its 8th largest position. Northwest & Ethical Investments L.P.’s holdings in Toronto Dominion Bank were worth $52,938,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its stake in shares of Toronto Dominion Bank by 14.5% during the second quarter. J.W. Cole Advisors Inc. now owns 6,005 shares of the bank’s stock worth $441,000 after acquiring an additional 762 shares during the period. XTX Topco Ltd acquired a new position in Toronto Dominion Bank during the 2nd quarter worth approximately $7,858,000. Aviso Financial Inc. raised its stake in shares of Toronto Dominion Bank by 1.2% during the 2nd quarter. Aviso Financial Inc. now owns 1,671,746 shares of the bank’s stock worth $122,938,000 after buying an additional 20,500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Toronto Dominion Bank by 3.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 15,759 shares of the bank’s stock valued at $1,157,000 after buying an additional 507 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Toronto Dominion Bank in the second quarter valued at approximately $267,475,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TD shares. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.5%

Shares of Toronto Dominion Bank stock opened at $82.28 on Wednesday. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $83.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day moving average price of $80.55 and a 200 day moving average price of $75.17. The company has a market capitalization of $139.01 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.68 and a beta of 0.79.

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

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $1.05 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. Toronto Dominion Bank’s payout ratio is currently 35.16%.

Toronto Dominion Bank Company 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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.