Stratos Wealth Partners LTD. Reduces Holdings in Toronto Dominion Bank (The) $TD

Stratos Wealth Partners LTD. decreased its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,475 shares of the bank’s stock after selling 504 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Toronto Dominion Bank were worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TD. Larson Financial Group LLC boosted its holdings in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after buying an additional 236 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $34,000. Richardson Financial Services Inc. purchased a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $34,000. Brentview Investment Management LLC purchased a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $40,000. Finally, Colonial Trust Advisors purchased a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TD has been the topic of several analyst reports. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Finally, Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.9%

Toronto Dominion Bank stock opened at $79.87 on Tuesday. The stock has a market cap of $135.84 billion, a P/E ratio of 9.33, a PEG ratio of 1.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. The firm’s 50 day moving average price is $77.10 and its 200-day moving average price is $71.30.

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

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be 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 5.3%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 35.75%.

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