The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,898 shares of the bank’s stock after buying an additional 258 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Toronto-Dominion Bank were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter worth $31,000. Blue Trust Inc. increased 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 last quarter. Kimelman & Baird LLC acquired a new stake in Toronto-Dominion Bank during the second quarter valued at approximately $49,000. BOKF NA lifted 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 buying an additional 680 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Toronto-Dominion Bank Stock Up 1.5 %

Toronto-Dominion Bank stock opened at $56.54 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The company has a 50-day simple moving average of $59.93 and a 200-day simple moving average of $57.86. The firm has a market capitalization of $98.86 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.57 and a beta of 0.82.

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, topping the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 EPS. As a group, equities analysts expect that The Toronto-Dominion Bank will post 5.8 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 5.23%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 96.49%.

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.