Toronto Dominion Bank (The) $TD Stake Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,187 shares of the bank’s stock after selling 7,062 shares during the period. Park Avenue Securities LLC’s holdings in Toronto Dominion Bank were worth $3,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brucke Financial Inc. lifted its position in Toronto Dominion Bank by 9.2% in the third quarter. Brucke Financial Inc. now owns 3,881 shares of the bank’s stock valued at $456,000 after acquiring an additional 326 shares during the last quarter. Signaturefd LLC boosted its stake in Toronto Dominion Bank by 1.1% in the third quarter. Signaturefd LLC now owns 31,645 shares of the bank’s stock valued at $3,719,000 after acquiring an additional 334 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Toronto Dominion Bank by 2.7% in the third quarter. Simplicity Wealth LLC now owns 4,236 shares of the bank’s stock valued at $498,000 after acquiring an additional 112 shares in the last quarter. XXI Wealth LLC grew its holdings in shares of Toronto Dominion Bank by 10.1% during the third quarter. XXI Wealth LLC now owns 2,204 shares of the bank’s stock worth $259,000 after purchasing an additional 202 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Toronto Dominion Bank by 14.4% during the third quarter. Yousif Capital Management LLC now owns 3,529 shares of the bank’s stock worth $415,000 after purchasing an additional 444 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $127.28 on Friday. Toronto Dominion Bank has a one year low of $79.52 and a one year high of $127.96. The stock has a market capitalization of $207.36 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.26 and a beta of 0.75. The company has a 50-day simple moving average of $120.33 and a 200-day simple moving average of $110.30. 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 (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion for the quarter, compared to analyst estimates of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. On average, analysts predict that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank announced that its Board of Directors has authorized a stock buyback plan on Wednesday, September 30th that permits the company to buy back $7.14 billion in outstanding shares. This repurchase authorization permits the bank to buy up to 3.5% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be given a dividend of C$1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.81%.

Toronto Dominion Bank News Roundup

Here are the key news stories impacting Toronto Dominion Bank this week:

• Positive Sentiment: TD Canada Trust raised its prime rate by 25 basis points to 4.70%, matching increases from RBC, CIBC and BMO. Higher lending rates can support net interest income and loan profitability, although they may also increase repayment pressure on borrowers. TD Canada Trust announces change to TD Prime Rate
• Positive Sentiment: TD launched a mobile-app feature that allows customers to move money from another financial institution into a TD account more quickly and easily. The initiative could improve customer acquisition, deposit growth and digital engagement, though its immediate earnings impact is likely limited. TD makes moving money to a TD account faster and easier
• Neutral Sentiment: TD Asset Management announced risk-rating changes for certain TD exchange-traded funds. The changes affect specific ETF products and are not expected to materially alter the bank’s overall earnings outlook. TD Asset Management announces risk rating changes
• Neutral Sentiment: TD Bank U.S. appointed Amit Sahasrabudhe as chief operating officer. His background in financial-services operations, technology and business transformation may support execution, but the leadership change is not an immediate financial catalyst. TD appoints Amit Sahasrabudhe as U.S. COO
• Neutral Sentiment: The TD Charitable Foundation opened applications for its 2027 Housing for Everyone program, offering $10 million in grants. The announcement supports TD’s community and reputation objectives but should have little direct effect on valuation. TD Housing for Everyone grants
• Negative Sentiment: Marco Re reportedly filed a lawsuit against TD Bank involving a $35 million legacy dispute. The claim introduces legal and reputational uncertainty, although the ultimate financial impact is not yet clear. Marco Re sues TD Bank over $35 million legacy dispute

Analysts Set New Price Targets

A number of research firms have recently commented on TD. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Keefe, Bruyette & Woods assumed coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.