180 Wealth Advisors LLC Trims Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

180 Wealth Advisors LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,536 shares of the bank’s stock after selling 1,828 shares during the period. 180 Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Toronto-Dominion Bank during the 1st quarter valued at about $29,000. Bank of New Hampshire purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Avior Wealth Management LLC raised its stake in shares of Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after buying an additional 286 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $39,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.3 %

NYSE TD traded up $0.16 on Thursday, reaching $54.87. The stock had a trading volume of 2,510,716 shares, compared to its average volume of 2,897,941. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.50 and a beta of 0.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $66.15. The stock has a fifty day moving average price of $56.20 and a two-hundred day moving average price of $59.04.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.86 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.40%. Toronto-Dominion Bank’s payout ratio is currently 68.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TD shares. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays assumed coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Cibc World Mkts upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. National Bank Financial cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a report on Thursday, May 23rd. Finally, Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.00.

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.