Sequoia Financial Advisors LLC Boosts Stock Holdings in Toronto Dominion Bank (The) $TD

Sequoia Financial Advisors LLC grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,132 shares of the bank’s stock after buying an additional 1,568 shares during the period. Sequoia Financial Advisors LLC’s holdings in Toronto Dominion Bank were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Farther Finance Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 42.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank’s stock worth $167,000 after acquiring an additional 842 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Toronto Dominion Bank by 5.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,054 shares of the bank’s stock worth $1,022,000 after acquiring an additional 928 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Toronto Dominion Bank by 4.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,555 shares of the bank’s stock worth $1,772,000 after acquiring an additional 1,308 shares during the last quarter. Means Investment CO. Inc. bought a new stake in shares of Toronto Dominion Bank in the 1st quarter worth about $213,000. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter worth about $34,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

TD opened at $78.77 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $76.84 and a 200 day moving average price of $70.84. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. The stock has a market cap of $133.97 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.65 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.3%. Toronto Dominion Bank’s payout ratio is currently 35.75%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Hold” and an average target price of $93.00.

About Toronto Dominion Bank

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.