180 Wealth Advisors LLC lowered its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,891 shares of the bank’s stock after selling 2,047 shares during the period. 180 Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $612,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its position in shares of Toronto-Dominion Bank by 14.4% in the 4th quarter. Wedbush Securities Inc. now owns 10,003 shares of the bank’s stock valued at $561,000 after buying an additional 1,259 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $460,000. Cardinal Capital Management Inc. increased its position in shares of Toronto-Dominion Bank by 47.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,578,568 shares of the bank’s stock valued at $88,663,000 after buying an additional 509,982 shares in the last quarter. Legacy Capital Partners Inc. increased its position in shares of Toronto-Dominion Bank by 8.2% in the 4th quarter. Legacy Capital Partners Inc. now owns 3,949 shares of the bank’s stock valued at $222,000 after buying an additional 300 shares in the last quarter. Finally, Family Legacy Inc. increased its position in shares of Toronto-Dominion Bank by 1.5% in the 4th quarter. Family Legacy Inc. now owns 22,848 shares of the bank’s stock valued at $1,295,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 47.29% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Citigroup lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $80.00 target price on shares of Toronto-Dominion Bank in a research note on Monday, October 7th. ValuEngine raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Desjardins reaffirmed a “buy” rating and issued a $81.00 target price on shares of Toronto-Dominion Bank in a research note on Friday, November 22nd. Finally, CIBC lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating and set a $82.00 target price for the company. in a research note on Thursday, November 21st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $78.08.
NYSE:TD traded up $0.21 during mid-day trading on Friday, hitting $56.91. The stock had a trading volume of 27,536 shares, compared to its average volume of 1,121,680. Toronto-Dominion Bank has a twelve month low of $52.84 and a twelve month high of $59.55. The stock has a market cap of $103.22 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.89 and a beta of 1.03. The company’s 50 day simple moving average is $56.26 and its 200 day simple moving average is $56.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 5th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.28. Toronto-Dominion Bank had a net margin of 19.76% and a return on equity of 15.69%. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $10.08 billion. During the same period last year, the business posted $1.63 EPS. Toronto-Dominion Bank’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Toronto-Dominion Bank will post 5.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.5605 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 45.33%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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