Bard Financial Services Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TD – Free Report) TSE: TD by 70.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,240 shares of the bank’s stock after selling 14,900 shares during the period. Bard Financial Services Inc.’s holdings in Toronto-Dominion Bank were worth $395,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its holdings in Toronto-Dominion Bank by 12.8% during the 4th quarter. Belpointe Asset Management LLC now owns 4,532 shares of the bank’s stock worth $293,000 after acquiring an additional 516 shares during the period. Waterloo Capital L.P. purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $526,000. Seven Eight Capital LP bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth $939,000. Ossiam raised its position in shares of Toronto-Dominion Bank by 32.7% during the 4th quarter. Ossiam now owns 148,532 shares of the bank’s stock valued at $9,645,000 after buying an additional 36,640 shares in the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $72,000. 52.37% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Trading Up 0.7 %
Shares of NYSE TD traded up $0.44 during mid-day trading on Friday, hitting $63.71. The stock had a trading volume of 993,679 shares, compared to its average volume of 2,194,773. The business has a 50 day moving average price of $60.31 and a two-hundred day moving average price of $58.11. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $111.39 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.
Toronto-Dominion Bank Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 67.73%.
Wall Street Analyst Weigh In
TD has been the topic of a number of research reports. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. UBS Group assumed coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.00.
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.