Security National Bank of SO Dak Has $1.31 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Security National Bank of SO Dak decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,858 shares of the bank’s stock after selling 285 shares during the period. Security National Bank of SO Dak’s holdings in Toronto-Dominion Bank were worth $1,311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TD. Trexquant Investment LP acquired a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $469,000. Commerce Bank acquired a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $219,000. Gold Investment Management Ltd. acquired a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $7,896,000. Scotia Capital Inc. grew its holdings in Toronto-Dominion Bank by 0.9% during the fourth quarter. Scotia Capital Inc. now owns 11,097,698 shares of the bank’s stock valued at $716,322,000 after purchasing an additional 93,854 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of Toronto-Dominion Bank by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock valued at $2,154,141,000 after buying an additional 105,772 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $63.32 on Friday. The company’s fifty day simple moving average is $59.66 and its 200-day simple moving average is $57.99. 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 firm has a market cap of $110.69 billion, a PE ratio of 14.39, a P/E/G ratio of 1.86 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Equities research analysts expect that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed 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. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 67.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TD shares. UBS Group started coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a “neutral” rating for the company. 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. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.