The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Lowered by Delta Financial Advisors LLC

Delta Financial Advisors LLC cut its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,911 shares of the bank’s stock after selling 670 shares during the quarter. Delta Financial Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,369,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. TD Asset Management Inc increased its position in shares of Toronto-Dominion Bank by 28.9% during the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock valued at $3,017,384,000 after purchasing an additional 10,415,591 shares during the period. Bank of Nova Scotia grew its holdings in Toronto-Dominion Bank by 0.3% during the fourth quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock worth $2,154,141,000 after acquiring an additional 105,772 shares during the period. National Bank of Canada FI raised its position in Toronto-Dominion Bank by 6.2% in the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after acquiring an additional 1,736,931 shares in the last quarter. Norges Bank acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $1,478,898,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,277,611 shares of the bank’s stock valued at $728,759,000 after purchasing an additional 105,861 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $60.37 on Friday. The stock has a market cap of $105.55 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.73 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day simple moving average of $57.85 and a 200 day simple moving average of $57.69. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The company had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Research analysts anticipate that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.739 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 67.73%.

Wall Street Analysts Forecast Growth

TD has been the subject of several recent research reports. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. UBS Group began coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets decreased their target price on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $84.00.

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.