TFG Advisers LLC Sells 519 Shares of The Toronto-Dominion Bank (NYSE:TD)

TFG Advisers LLC trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,509 shares of the bank’s stock after selling 519 shares during the period. TFG Advisers LLC’s holdings in Toronto-Dominion Bank were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Toronto-Dominion Bank by 61.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after acquiring an additional 2,215,185 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Toronto-Dominion Bank by 31.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after purchasing an additional 2,188,263 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Toronto-Dominion Bank by 6.2% in the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after buying an additional 1,736,931 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Toronto-Dominion Bank by 17.9% during the first quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock valued at $493,880,000 after buying an additional 1,238,502 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. UBS Group initiated coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating on the stock. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded down $0.67 on Wednesday, hitting $56.60. The company’s stock had a trading volume of 360,806 shares, compared to its average volume of 2,801,910. The company has a market capitalization of $98.90 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average price of $60.63 and a 200-day moving average price of $57.99.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the prior year, the company posted $1.48 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.739 dividend. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.22%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 68.41%.

Toronto-Dominion Bank 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.