Blair William & Co. IL trimmed its stake in The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,705 shares of the bank’s stock after selling 6,968 shares during the period. Blair William & Co. IL’s holdings in Toronto-Dominion Bank were worth $15,781,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth approximately $26,000. Jones Financial Companies Lllp purchased a new position in Toronto-Dominion Bank during the 1st quarter worth $38,000. AdvisorNet Financial Inc increased its holdings in Toronto-Dominion Bank by 55.6% during the 1st quarter. AdvisorNet Financial Inc now owns 557 shares of the bank’s stock worth $44,000 after purchasing an additional 199 shares during the period. Capital Analysts LLC increased its holdings in Toronto-Dominion Bank by 108.1% during the 4th quarter. Capital Analysts LLC now owns 568 shares of the bank’s stock worth $44,000 after purchasing an additional 295 shares during the period. Finally, Mystic Asset Management Inc. purchased a new position in Toronto-Dominion Bank during the 4th quarter worth $46,000. 49.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Scotiabank reduced their price objective on Toronto-Dominion Bank from C$102.00 to C$101.00 in a report on Thursday, August 18th. Keefe, Bruyette & Woods upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Friday, September 2nd. Stifel Nicolaus cut their price target on Toronto-Dominion Bank from C$97.00 to C$93.00 in a report on Wednesday, July 13th. Credit Suisse Group boosted their target price on Toronto-Dominion Bank from C$94.00 to C$95.00 in a research note on Friday, August 26th. Finally, National Bank Financial boosted their target price on Toronto-Dominion Bank from C$102.00 to C$106.00 in a research note on Friday, August 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $100.36.
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its quarterly earnings data on Thursday, August 25th. The bank reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.05. Toronto-Dominion Bank had a return on equity of 16.09% and a net margin of 22.93%. During the same period in the previous year, the firm posted $1.60 earnings per share. As a group, research analysts predict that The Toronto-Dominion Bank will post 6.34 EPS for the current year.
Toronto-Dominion Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 7th will be issued a $0.696 dividend. This represents a $2.78 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, October 6th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.69. Toronto-Dominion Bank’s payout ratio is 44.53%.
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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.
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