Allworth Financial LP Has $316,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Allworth Financial LP lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,002 shares of the bank’s stock after selling 631 shares during the period. Allworth Financial LP’s holdings in Toronto-Dominion Bank were worth $316,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Triad Wealth Partners LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. lifted its holdings in Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after buying an additional 212 shares during the period. Kimelman & Baird LLC bought a new position in Toronto-Dominion Bank in the second quarter valued at approximately $49,000. BOKF NA grew its holdings in Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after acquiring an additional 680 shares during the period. Finally, Eastern Bank bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at $66,000. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TD shares. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Trading Up 0.3 %

NYSE TD opened at $55.67 on Thursday. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. 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 firm has a market cap of $97.34 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.65 and a beta of 0.81. The stock’s 50-day moving average is $60.30 and its 200-day moving average is $57.91.

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 the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced 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. This represents a $2.96 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 96.17%.

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.