Creative Planning Buys 12,879 Shares of The Toronto-Dominion Bank (NYSE:TD)

Creative Planning boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,251 shares of the bank’s stock after buying an additional 12,879 shares during the period. Creative Planning’s holdings in Toronto-Dominion Bank were worth $9,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Toronto-Dominion Bank by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 184 shares during the last quarter. Consolidated Portfolio Review Corp boosted its stake in Toronto-Dominion Bank by 1.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock valued at $699,000 after purchasing an additional 186 shares during the last quarter. First Affirmative Financial Network boosted its stake in Toronto-Dominion Bank by 1.9% during the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock valued at $556,000 after purchasing an additional 190 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its stake in Toronto-Dominion Bank by 0.5% during the 1st quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock valued at $2,123,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $57.27 on Wednesday. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The stock’s fifty day moving average is $60.63 and its 200 day moving average is $57.99. The stock has a market cap of $100.07 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS 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 company had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period last year, the firm earned $1.48 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.82 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 dividend on an annualized basis and a yield of 5.16%. Toronto-Dominion Bank’s dividend payout ratio is presently 68.41%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TD shares. UBS Group began coverage on Toronto-Dominion Bank in a research note 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. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned 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.com, the stock currently has a consensus 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.