180 Wealth Advisors LLC lessened its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 15.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,891 shares of the bank’s stock after selling 2,047 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $612,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Beutel Goodman & Co Ltd. increased its stake in shares of Toronto-Dominion Bank by 99.5% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 45,627,230 shares of the bank’s stock worth $2,570,815,000 after acquiring an additional 22,761,407 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in Toronto-Dominion Bank in the third quarter valued at approximately $107,356,000. Vanguard Group Inc. boosted its position in Toronto-Dominion Bank by 2.5% in the second quarter. Vanguard Group Inc. now owns 52,502,160 shares of the bank’s stock valued at $3,064,025,000 after buying an additional 1,293,179 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new stake in Toronto-Dominion Bank in the third quarter valued at $39,340,000. Finally, Johanson Financial Advisors Inc. increased its stake in Toronto-Dominion Bank by 5,559.1% in the fourth quarter. Johanson Financial Advisors Inc. now owns 571,911 shares of the bank’s stock valued at $10,188,000 after purchasing an additional 561,805 shares in the last quarter. Institutional investors own 47.29% of the company’s stock.
TD has been the subject of several recent research reports. CSFB downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $74.00 in a research report on Monday, October 28th. Desjardins reissued a “buy” rating and set a $81.00 target price on shares of Toronto-Dominion Bank in a research report on Friday, November 22nd. Royal Bank of Canada reissued a “hold” rating and set a $80.00 target price on shares of Toronto-Dominion Bank in a research report on Monday, October 7th. CIBC downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating and set a $82.00 target price for the company. in a research report on Thursday, November 21st. Finally, Citigroup downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Tuesday, December 17th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of $78.08.
Shares of Toronto-Dominion Bank stock traded up $0.21 during trading hours on Friday, reaching $56.91. 27,536 shares of the company’s stock were exchanged, compared to its average volume of 1,121,680. The company has a 50 day moving average of $56.26 and a two-hundred day moving average of $56.76. Toronto-Dominion Bank has a fifty-two week low of $52.84 and a fifty-two week high of $59.55. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The stock has a market cap of $103.22 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.89 and a beta of 1.03.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, December 5th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.28. Toronto-Dominion Bank had a net margin of 19.76% and a return on equity of 15.69%. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $10.08 billion. During the same period last year, the business posted $1.63 EPS. Toronto-Dominion Bank’s revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that Toronto-Dominion Bank will post 5.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.5605 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 3.94%. The ex-dividend date is Thursday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 45.33%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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