The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,581 shares of the bank’s stock after purchasing an additional 611 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Toronto-Dominion Bank were worth $1,516,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 7.1% in the second quarter. Verdence Capital Advisors LLC now owns 4,700 shares of the bank’s stock worth $258,000 after acquiring an additional 311 shares in the last quarter. Cypress Capital Group grew its stake in Toronto-Dominion Bank by 7.1% during the 2nd quarter. Cypress Capital Group now owns 5,536 shares of the bank’s stock worth $304,000 after purchasing an additional 365 shares in the last quarter. Eagle Ridge Investment Management increased its holdings in Toronto-Dominion Bank by 3.1% during the 2nd quarter. Eagle Ridge Investment Management now owns 138,146 shares of the bank’s stock worth $7,593,000 after purchasing an additional 4,128 shares during the period. NewSquare Capital LLC raised its position in Toronto-Dominion Bank by 4.7% in the 2nd quarter. NewSquare Capital LLC now owns 126,283 shares of the bank’s stock valued at $6,845,000 after purchasing an additional 5,614 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Toronto-Dominion Bank by 7.5% in the 2nd quarter. Legacy Capital Group California Inc. now owns 4,595 shares of the bank’s stock valued at $253,000 after buying an additional 322 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Down 1.3 %

Shares of NYSE TD opened at $59.16 on Wednesday. The business has a 50-day moving average price of $57.54 and a 200 day moving average price of $57.67. The stock has a market cap of $103.43 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. Equities research analysts forecast that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.00%. Toronto-Dominion Bank’s payout ratio is 67.73%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. UBS Group began coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. BMO Capital Markets cut their price target on 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. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.00.

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.