GSB Wealth Management LLC Reduces Holdings in The Toronto-Dominion Bank (NYSE:TD)

GSB Wealth Management LLC cut its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 18.2% during the 3rd quarter, Holdings Channel reports. The fund owned 9,741 shares of the bank’s stock after selling 2,161 shares during the period. GSB Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TD. CWM LLC lifted its position in Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Toronto-Dominion Bank by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after buying an additional 184 shares in the last quarter. Consolidated Portfolio Review Corp grew its stake in shares of Toronto-Dominion Bank by 1.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock valued at $699,000 after acquiring an additional 186 shares during the period. First Affirmative Financial Network raised its stake in Toronto-Dominion Bank by 1.9% during the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after acquiring an additional 190 shares during the period. Finally, Wright Investors Service Inc. lifted its holdings in Toronto-Dominion Bank by 0.5% during the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock valued at $2,123,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TD shares. UBS Group began coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. 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 Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Trading Up 0.2 %

TD stock opened at $55.58 on Wednesday. The company has a market capitalization of $97.18 billion, a PE ratio of 17.74, 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 current ratio of 1.02 and a quick ratio of 1.02. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The firm’s 50-day moving average is $60.38 and its 200 day moving average is $57.93.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period last year, the business posted $1.48 EPS. Toronto-Dominion Bank’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts anticipate that The Toronto-Dominion Bank will post 5.82 EPS for the current 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 given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.17%.

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.