Farmers & Merchants Investments Inc. Decreases Stock Position in Toronto Dominion Bank (The) $TD

Farmers & Merchants Investments Inc. lessened its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,560 shares of the bank’s stock after selling 550 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Toronto Dominion Bank were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TD. Balanced Rock Investment Advisors LLC increased its stake in Toronto Dominion Bank by 1.1% in the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after purchasing an additional 163 shares during the period. Wright Investors Service Inc. grew its holdings in shares of Toronto Dominion Bank by 3.1% in the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock worth $428,000 after purchasing an additional 173 shares during the last quarter. MFA Wealth Services grew its holdings in shares of Toronto Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock worth $250,000 after purchasing an additional 179 shares during the last quarter. Intrua Financial LLC increased its stake in shares of Toronto Dominion Bank by 2.4% in the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock worth $468,000 after buying an additional 183 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock valued at $90,000 after buying an additional 190 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TD shares. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $79.28 on Tuesday. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $79.49. The stock’s 50 day simple moving average is $74.74 and its two-hundred day simple moving average is $68.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $134.84 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.69 and a beta of 0.81.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The company 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 firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 EPS. As a group, analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a $1.05 dividend. 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 5.3%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is currently 36.10%.

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.