United Capital Financial Advisers LLC cut its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,733 shares of the bank’s stock after selling 2,903 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Toronto-Dominion Bank were worth $5,003,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Scotia Capital Inc. increased its position in Toronto-Dominion Bank by 1.0% during the 2nd quarter. Scotia Capital Inc. now owns 8,320,873 shares of the bank’s stock worth $485,329,000 after purchasing an additional 79,875 shares in the last quarter. Banco de Sabadell S.A acquired a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $2,104,000. Wall Street Access Asset Management LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $202,000. Parametric Portfolio Associates LLC increased its position in Toronto-Dominion Bank by 5.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 715,195 shares of the bank’s stock worth $41,739,000 after purchasing an additional 34,514 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $66,530,000. Institutional investors own 50.29% of the company’s stock.
TD traded up $0.30 during trading on Tuesday, hitting $57.12. 692,718 shares of the company’s stock were exchanged, compared to its average volume of 1,226,789. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $55.55 and its two-hundred day moving average is $56.39. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The stock has a market cap of $103.18 billion, a P/E ratio of 11.35, a PEG ratio of 2.18 and a beta of 1.07.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 29th. The bank reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.45. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. The firm had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $9.80 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Toronto-Dominion Bank will post 5.14 earnings per share for the current year.
The firm also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.556 per share. The ex-dividend date is Wednesday, October 9th. This represents a yield of 4.1%. Toronto-Dominion Bank’s payout ratio is 44.93%.
A number of research firms have weighed in on TD. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, September 10th. National Bank Financial set a $84.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Scotiabank set a $80.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $82.00 to $77.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada set a $82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “hold” rating in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $78.56.
Toronto-Dominion Bank 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.
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