The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 51.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the bank’s stock after selling 7,469 shares during the period. Walter Public Investments Inc.’s holdings in Toronto-Dominion Bank were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth $29,000. Triad Wealth Partners LLC bought a new stake in shares of Toronto-Dominion Bank in the second quarter worth $31,000. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after buying an additional 212 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the second quarter worth $49,000. Finally, BOKF NA increased its stake in Toronto-Dominion Bank by 203.6% during the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after purchasing an additional 680 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

TD stock opened at $56.33 on Thursday. The company has a market capitalization of $98.49 billion, a P/E ratio of 18.00, a PEG ratio of 1.65 and a beta of 0.81. The company has a 50-day simple moving average of $60.67 and a 200 day simple moving average of $58.08. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

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, topping the consensus estimate 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 net margin of 6.94% and a return on equity of 14.34%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.739 dividend. This represents a $2.96 annualized dividend and a yield of 5.25%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 96.49%.

Analyst Ratings Changes

Several analysts have 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 note on Thursday, August 22nd. UBS Group started coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Company 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.