Calton & Associates Inc. Has $368,000 Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Calton & Associates Inc. grew its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 45.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,700 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Calton & Associates Inc.’s holdings in Toronto-Dominion Bank were worth $368,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. ARS Wealth Advisors Group LLC raised its stake in shares of Toronto-Dominion Bank by 10.6% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 13,270 shares of the bank’s stock valued at $729,000 after buying an additional 1,270 shares in the last quarter. Sumitomo Life Insurance Co. acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth about $1,213,000. Gradient Investments LLC increased its position in shares of Toronto-Dominion Bank by 3.0% during the 2nd quarter. Gradient Investments LLC now owns 8,159 shares of the bank’s stock worth $448,000 after purchasing an additional 239 shares in the last quarter. Blue Trust Inc. increased its position in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares in the last quarter. Finally, Old Port Advisors increased its position in shares of Toronto-Dominion Bank by 3.2% during the 2nd quarter. Old Port Advisors now owns 7,480 shares of the bank’s stock worth $411,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating for the company. National Bank Financial cut shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research report on Thursday, May 23rd. BMO Capital Markets dropped their target price on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday, May 24th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.00.

Toronto-Dominion Bank Trading Up 0.8 %

Shares of NYSE TD traded up $0.46 during mid-day trading on Friday, hitting $58.98. The company’s stock had a trading volume of 1,195,429 shares, compared to its average volume of 2,023,450. The stock has a market cap of $103.06 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The company’s fifty day simple moving average is $56.35 and its 200-day simple moving average is $57.69.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.87 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 67.73%.

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.