Weaver C. Barksdale & Associates Inc. Lowers Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Weaver C. Barksdale & Associates Inc. cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,345 shares of the bank’s stock after selling 472 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Toronto-Dominion Bank were worth $1,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in Toronto-Dominion Bank by 181.0% in the second quarter. Intech Investment Management LLC now owns 300,218 shares of the bank’s stock worth $16,499,000 after purchasing an additional 193,363 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 12.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 949,985 shares of the bank’s stock worth $52,195,000 after buying an additional 102,782 shares during the period. Sienna Gestion grew its position in shares of Toronto-Dominion Bank by 1.3% during the 2nd quarter. Sienna Gestion now owns 226,193 shares of the bank’s stock worth $12,424,000 after buying an additional 2,822 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Toronto-Dominion Bank by 7.0% during the second quarter. Blair William & Co. IL now owns 20,596 shares of the bank’s stock valued at $1,132,000 after buying an additional 1,354 shares during the period. Finally, Virtu Financial LLC raised its holdings in shares of Toronto-Dominion Bank by 13.0% in the second quarter. Virtu Financial LLC now owns 34,159 shares of the bank’s stock valued at $1,877,000 after acquiring an additional 3,940 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $64.41 on Friday. The company has a 50 day moving average of $59.07 and a two-hundred day moving average of $57.86. 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 twelve month low of $53.52 and a twelve month high of $65.12. The company has a market cap of $112.55 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

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, topping analysts’ consensus estimates 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 firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter last year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that The Toronto-Dominion Bank will post 5.84 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 Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 4.59%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.64%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TD shares. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. BMO Capital Markets lowered their target price on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. UBS Group began coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, Cibc World Mkts upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of $84.00.

About Toronto-Dominion Bank

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.