Baird Financial Group Inc. Sells 1,692 Shares of Toronto Dominion Bank (The) $TD

Baird Financial Group Inc. lessened its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 24.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,284 shares of the bank’s stock after selling 1,692 shares during the quarter. Baird Financial Group Inc.’s holdings in Toronto Dominion Bank were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after purchasing an additional 236 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after acquiring an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Toronto Dominion Bank during the 1st quarter worth $32,000. ORG Partners LLC bought a new position in shares of Toronto Dominion Bank during the 1st quarter worth $34,000. Finally, CoreCap Advisors LLC grew its stake in shares of Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after acquiring an additional 230 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They set a “sector perform” rating for the company. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 1.2%

TD opened at $76.80 on Friday. The stock has a market cap of $131.18 billion, a PE ratio of 8.97, a P/E/G ratio of 1.64 and a beta of 0.81. 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 has a 52 week low of $51.25 and a 52 week high of $78.95. The business’s fifty day simple moving average is $74.17 and its 200 day simple moving average is $67.45.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data 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 company had revenue of $10.12 billion for 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%.Toronto Dominion Bank’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.05 EPS. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 represents a $4.20 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is 36.10%.

Toronto Dominion Bank 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.