Toronto-Dominion Bank (NYSE:TD) Position Lessened by Archford Capital Strategies LLC

Archford Capital Strategies LLC trimmed its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.5% in the first quarter, Holdings Channel reports. The firm owned 10,861 shares of the bank’s stock after selling 755 shares during the period. Archford Capital Strategies LLC’s holdings in Toronto-Dominion Bank were worth $590,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Morgan Stanley lifted its stake in Toronto-Dominion Bank by 1.7% in the third quarter. Morgan Stanley now owns 2,086,282 shares of the bank’s stock worth $126,847,000 after acquiring an additional 34,114 shares during the period. Vanguard Group Inc lifted its stake in Toronto-Dominion Bank by 2.7% in the third quarter. Vanguard Group Inc now owns 47,982,817 shares of the bank’s stock worth $2,917,356,000 after acquiring an additional 1,273,742 shares during the period. Janney Montgomery Scott LLC lifted its stake in Toronto-Dominion Bank by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,962 shares of the bank’s stock worth $1,639,000 after acquiring an additional 445 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth about $27,000. Finally, Portfolio Solutions LLC purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth about $50,000. 48.21% of the stock is owned by hedge funds and other institutional investors.

TD stock opened at $56.98 on Wednesday. The stock has a market cap of $103.63 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.80 and a beta of 1.03. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.46 billion. Toronto-Dominion Bank had a net margin of 20.24% and a return on equity of 16.21%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 earnings per share. Analysts predict that Toronto-Dominion Bank will post 5.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.5511 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, July 9th. Toronto-Dominion Bank’s payout ratio is 44.14%.

Several research firms have commented on TD. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 17th. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. Finally, Canaccord Genuity reissued a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.00.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

Further Reading: Return On Assets

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

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