American Assets Investment Management LLC Acquires 10,000 Shares of The Toronto-Dominion Bank (NYSE:TD)

American Assets Investment Management LLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 165,000 shares of the bank’s stock after acquiring an additional 10,000 shares during the quarter. American Assets Investment Management LLC’s holdings in Toronto-Dominion Bank were worth $10,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Galibier Capital Management Ltd. boosted its stake in Toronto-Dominion Bank by 24.6% during the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after buying an additional 119,978 shares during the period. Forsta AP Fonden boosted its stake in shares of Toronto-Dominion Bank by 3.2% during the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock worth $29,531,000 after purchasing an additional 14,500 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its holdings in Toronto-Dominion Bank by 4.5% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,452,493 shares of the bank’s stock valued at $91,948,000 after purchasing an additional 62,569 shares during the last quarter. Williams Financial LLC purchased a new stake in Toronto-Dominion Bank in the 2nd quarter worth about $10,454,000. Finally, Creative Planning raised its position in Toronto-Dominion Bank by 9.8% in the 3rd quarter. Creative Planning now owns 144,251 shares of the bank’s stock worth $9,125,000 after purchasing an additional 12,879 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TD. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Trading Down 1.2 %

Shares of NYSE TD traded down $0.67 during trading hours on Tuesday, reaching $56.26. The stock had a trading volume of 282,622 shares, compared to its average volume of 2,764,678. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The firm has a market cap of $98.37 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.61 and a beta of 0.82. The business’s fifty day moving average price is $59.75 and its two-hundred day moving average price is $57.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. Analysts expect that The Toronto-Dominion Bank will post 5.8 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date was 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.