Plimoth Trust Co. LLC Reduces Stock Position in Toronto Dominion Bank (The) $TD

Plimoth Trust Co. LLC cut its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,802 shares of the bank’s stock after selling 455 shares during the period. Plimoth Trust Co. LLC’s holdings in Toronto Dominion Bank were worth $1,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Toronto Dominion Bank in the first quarter worth about $32,000. ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $34,000. Brentview Investment Management LLC purchased a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $40,000. Finally, Colonial Trust Advisors bought a new position in shares of Toronto Dominion Bank in the 1st quarter worth approximately $44,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 1.9%

Shares of TD stock opened at $81.13 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.08. The company’s fifty day moving average price is $75.66 and its 200-day moving average price is $69.77. The company has a market capitalization of $137.99 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.66 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $2.05 EPS. Sell-side analysts expect that Toronto Dominion Bank will post 5.48 EPS 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. Investors of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio is 36.10%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research reports. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.00.

About Toronto Dominion Bank

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.