Toronto Dominion Bank (The) $TD Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC cut its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,025 shares of the bank’s stock after selling 139 shares during the period. 180 Wealth Advisors LLC’s holdings in Toronto Dominion Bank were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TD. Goldman Sachs Group Inc. lifted its holdings in shares of Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after purchasing an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after acquiring an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock valued at $630,746,000 after acquiring an additional 4,729,657 shares during the period. JPMorgan Chase & Co. lifted its holdings in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after acquiring an additional 2,780,984 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock valued at $825,440,000 after acquiring an additional 2,057,784 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TD shares. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Friday. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Trading Up 0.1%

Shares of TD stock opened at $80.96 on Friday. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The stock has a market cap of $137.70 billion, a P/E ratio of 9.46, a P/E/G ratio of 1.66 and a beta of 0.80. The business has a fifty day simple moving average of $77.63 and a 200-day simple moving average of $71.77. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

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

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.75%.

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.