Prio Wealth Limited Partnership Sells 6,000 Shares of The Toronto-Dominion Bank (NYSE:TD)

Prio Wealth Limited Partnership lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 34.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,294 shares of the bank’s stock after selling 6,000 shares during the period. Prio Wealth Limited Partnership’s holdings in Toronto-Dominion Bank were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TD. Wellington Management Group LLP grew its stake in shares of Toronto-Dominion Bank by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 188,743 shares of the bank’s stock worth $12,256,000 after purchasing an additional 8,159 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $202,000. Mather Group LLC. bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth $29,000. Park Avenue Securities LLC grew its stake in shares of Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock worth $220,000 after purchasing an additional 184 shares during the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in shares of Toronto-Dominion Bank by 6.4% in the first quarter. Gulf International Bank UK Ltd now owns 11,838 shares of the bank’s stock worth $714,000 after purchasing an additional 707 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 1.0 %

Shares of NYSE TD traded up $0.57 during trading on Monday, hitting $56.92. 1,161,014 shares of the company traded hands, compared to its average volume of 2,782,347. The business’s fifty day moving average is $60.65 and its 200 day moving average is $58.03. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The firm has a market capitalization of $99.53 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.65 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.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities research analysts predict that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.19%. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

Analysts Set New Price Targets

TD has been the topic of several analyst reports. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. UBS Group began coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.00.

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.