First Allied Advisory Services Inc. decreased its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,761 shares of the bank’s stock after selling 1,865 shares during the period. First Allied Advisory Services Inc.’s holdings in Toronto-Dominion Bank were worth $422,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Johanson Financial Advisors Inc. increased its stake in shares of Toronto-Dominion Bank by 2.4% during the 1st quarter. Johanson Financial Advisors Inc. now owns 12,175 shares of the bank’s stock worth $661,000 after purchasing an additional 288 shares during the last quarter. TAP Consulting LLC acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $406,000. Boston Common Asset Management LLC lifted its position in shares of Toronto-Dominion Bank by 1.4% during the 1st quarter. Boston Common Asset Management LLC now owns 22,740 shares of the bank’s stock valued at $1,235,000 after acquiring an additional 310 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Toronto-Dominion Bank by 6.9% during the 1st quarter. Moloney Securities Asset Management LLC now owns 8,913 shares of the bank’s stock valued at $484,000 after acquiring an additional 574 shares during the last quarter. Finally, Signition LP acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $636,000. Hedge funds and other institutional investors own 48.21% of the company’s stock.
Shares of Toronto-Dominion Bank stock traded up $0.22 on Friday, reaching $56.60. 672,512 shares of the company were exchanged, compared to its average volume of 1,215,639. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00. The stock has a market capitalization of $102.92 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.79 and a beta of 1.03. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 23rd. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.21% and a net margin of 20.24%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. Sell-side 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 paid a dividend of $0.5511 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Tuesday, July 9th. Toronto-Dominion Bank’s payout ratio is currently 44.14%.
Several analysts have commented on TD shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. National Bank Financial cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 23rd. Barclays raised Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 price target for the company in a report on Tuesday. Finally, Zacks Investment Research raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.00.
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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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