Signaturefd LLC Increases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Signaturefd LLC increased its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,034 shares of the bank’s stock after acquiring an additional 4,566 shares during the quarter. Signaturefd LLC’s holdings in Toronto-Dominion Bank were worth $1,331,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TD. Mather Group LLC. acquired a new position in shares of Toronto-Dominion Bank during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new position in Toronto-Dominion Bank in the 2nd quarter valued at $31,000. Blue Trust Inc. lifted its holdings in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Toronto-Dominion Bank during the 2nd quarter worth $49,000. Finally, BOKF NA grew its holdings in shares of Toronto-Dominion Bank by 203.6% during the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after buying an additional 680 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TD shares. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. UBS Group initiated coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating on the stock. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Down 0.9 %

Shares of NYSE TD opened at $56.73 on Thursday. The company has a market capitalization of $99.13 billion, a P/E ratio of 12.89, 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 current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $60.61 and a 200-day simple moving average of $57.98. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The company had revenue of $14.18 billion for 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 for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.82 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 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.