TD Waterhouse Canada Inc. Sells 84,358 Shares of Toronto Dominion Bank (The) $TD

TD Waterhouse Canada Inc. lowered its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,175,219 shares of the bank’s stock after selling 84,358 shares during the quarter. Toronto Dominion Bank accounts for approximately 6.3% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its largest holding. TD Waterhouse Canada Inc.’s holdings in Toronto Dominion Bank were worth $2,372,723,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Aspiriant LLC grew its holdings in shares of Toronto Dominion Bank by 2.4% during the third quarter. Aspiriant LLC now owns 4,343 shares of the bank’s stock worth $510,000 after purchasing an additional 103 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Toronto Dominion Bank in the third quarter worth approximately $41,000. Financial & Tax Architects LLC increased its position in shares of Toronto Dominion Bank by 12.7% in the third quarter. Financial & Tax Architects LLC now owns 6,238 shares of the bank’s stock worth $733,000 after purchasing an additional 703 shares during the last quarter. Triasima Portfolio Management inc. increased its position in shares of Toronto Dominion Bank by 5.1% in the third quarter. Triasima Portfolio Management inc. now owns 321,615 shares of the bank’s stock worth $37,905,000 after purchasing an additional 15,541 shares during the last quarter. Finally, Harbor Group Inc. increased its position in shares of Toronto Dominion Bank by 4.0% in the third quarter. Harbor Group Inc. now owns 3,277 shares of the bank’s stock worth $385,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Toronto Dominion Bank Price Performance

TD traded up $0.62 during trading on Friday, reaching $120.39. The stock had a trading volume of 1,358,464 shares, compared to its average volume of 2,113,662. The stock has a market cap of $198.02 billion, a PE ratio of 17.89, a PEG ratio of 1.19 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a one year low of $78.47 and a one year high of $125.46. The business has a 50-day moving average of $119.91 and a 200-day moving average of $115.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The business had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter last year, the business posted $2.20 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that Toronto Dominion Bank will post 7.04 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a dividend of C$1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is 46.81%.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.