International Assets Investment Management LLC Purchases New Shares in The Toronto-Dominion Bank (NYSE:TD)

International Assets Investment Management LLC purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 65,790 shares of the bank’s stock, valued at approximately $4,162,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in shares of Toronto-Dominion Bank during the second quarter worth approximately $31,000. Blue Trust Inc. raised 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 acquiring an additional 212 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at $49,000. BOKF NA grew its holdings in shares of 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 purchasing an additional 680 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Toronto-Dominion Bank in the third quarter worth $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $55.00 on Friday. The business has a 50 day moving average of $60.15 and a 200-day moving average of $57.89. The company has a market capitalization of $96.17 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.63 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 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.

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, beating analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion during 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%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $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 firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.739 per share. The ex-dividend date was Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.37%. Toronto-Dominion Bank’s payout ratio is currently 96.49%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TD shares. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight 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 company currently has a consensus rating of “Hold” and an average target price 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.