Duality Advisers LP Has $6.84 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Duality Advisers LP increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 74.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,294 shares of the bank’s stock after buying an additional 48,310 shares during the period. Toronto-Dominion Bank accounts for approximately 0.7% of Duality Advisers LP’s holdings, making the stock its 6th biggest position. Duality Advisers LP’s holdings in Toronto-Dominion Bank were worth $6,841,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in Toronto-Dominion Bank by 19.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,944 shares of the bank’s stock valued at $539,000 after purchasing an additional 1,475 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Toronto-Dominion Bank by 3.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,846 shares of the bank’s stock worth $1,316,000 after acquiring an additional 666 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Toronto-Dominion Bank by 13.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 4,016 shares of the bank’s stock worth $242,000 after acquiring an additional 461 shares during the last quarter. American Century Companies Inc. grew its holdings in Toronto-Dominion Bank by 18.9% during the 3rd quarter. American Century Companies Inc. now owns 223,904 shares of the bank’s stock worth $13,489,000 after acquiring an additional 35,532 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Toronto-Dominion Bank by 102.6% during the 3rd quarter. Citigroup Inc. now owns 940,077 shares of the bank’s stock worth $56,898,000 after acquiring an additional 476,076 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TD shares. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Barclays initiated coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. National Bank Financial lowered shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets reduced their target price on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.00.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up $0.57 on Friday, hitting $56.87. The company’s stock had a trading volume of 965,086 shares, compared to its average volume of 2,920,717. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average is $55.49 and its 200-day moving average is $58.54. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $66.15. The company has a market capitalization of $99.37 billion, a PE ratio of 12.80, a PEG ratio of 1.53 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. Equities research analysts expect that The Toronto-Dominion Bank will post 5.86 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 67.73%.

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.