CLARET ASSET MANAGEMENT Corp lowered its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,118 shares of the bank’s stock after selling 3,969 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Toronto-Dominion Bank were worth $3,215,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Welch & Forbes LLC lifted its position in shares of Toronto-Dominion Bank by 0.3% in the 3rd quarter. Welch & Forbes LLC now owns 365,382 shares of the bank’s stock worth $21,287,000 after acquiring an additional 1,201 shares during the period. Cypress Capital Group lifted its position in shares of Toronto-Dominion Bank by 16.5% in the 3rd quarter. Cypress Capital Group now owns 8,053 shares of the bank’s stock worth $469,000 after acquiring an additional 1,143 shares during the period. Baldwin Brothers Inc. MA lifted its position in shares of Toronto-Dominion Bank by 7.7% during the 3rd quarter. Baldwin Brothers Inc. MA now owns 17,061 shares of the bank’s stock worth $994,000 after buying an additional 1,215 shares during the period. Bogart Wealth LLC lifted its position in shares of Toronto-Dominion Bank by 6.9% during the 3rd quarter. Bogart Wealth LLC now owns 10,980 shares of the bank’s stock worth $640,000 after buying an additional 707 shares during the period. Finally, Ellis Investment Partners LLC lifted its position in shares of Toronto-Dominion Bank by 12.8% during the 3rd quarter. Ellis Investment Partners LLC now owns 2,225 shares of the bank’s stock worth $126,000 after buying an additional 253 shares during the period. Institutional investors own 47.64% of the company’s stock.
Several research firms recently commented on TD. Scotiabank set a $80.00 target price on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Zacks Investment Research downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Canaccord Genuity set a $81.00 target price on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. CIBC set a $83.00 target price on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Barclays set a $80.00 target price on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $78.56.
Shares of Toronto-Dominion Bank stock traded up $1.12 during midday trading on Friday, hitting $56.06. 70,184 shares of the company were exchanged, compared to its average volume of 1,658,487. The firm has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $56.42. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $59.55. The firm has a market cap of $101.46 billion, a P/E ratio of 11.15, a PEG ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 29th. The bank reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.45. Toronto-Dominion Bank had a return on equity of 16.08% and a net margin of 20.02%. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. During the same period last year, the firm posted $1.66 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that Toronto-Dominion Bank will post 5.14 earnings per share for the current year.
The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.556 per share. The ex-dividend date is Wednesday, October 9th. This represents a yield of 4.1%. Toronto-Dominion Bank’s dividend payout ratio is 44.93%.
Toronto-Dominion Bank Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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