PARK CIRCLE Co Decreases Holdings in Toronto Dominion Bank (The) $TD

PARK CIRCLE Co decreased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 18.8% during the 2nd quarter, Holdings Channel reports. The firm owned 24,200 shares of the bank’s stock after selling 5,600 shares during the quarter. Toronto Dominion Bank comprises about 1.5% of PARK CIRCLE Co’s holdings, making the stock its 19th biggest position. PARK CIRCLE Co’s holdings in Toronto Dominion Bank were worth $1,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. raised its holdings in shares of Toronto Dominion Bank by 96,550.0% in the first quarter. NBC Securities Inc. now owns 1,933 shares of the bank’s stock worth $115,000 after acquiring an additional 1,931 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Toronto Dominion Bank in the first quarter valued at approximately $915,000. Farther Finance Advisors LLC increased its holdings in shares of Toronto Dominion Bank by 42.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank’s stock worth $167,000 after buying an additional 842 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Toronto Dominion Bank by 1.2% during the first quarter. Assenagon Asset Management S.A. now owns 57,834 shares of the bank’s stock worth $3,465,000 after acquiring an additional 672 shares during the last quarter. Finally, Donaldson Capital Management LLC raised its holdings in Toronto Dominion Bank by 14.3% in the first quarter. Donaldson Capital Management LLC now owns 14,478 shares of the bank’s stock valued at $868,000 after buying an additional 1,813 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.5%

Shares of TD stock opened at $80.52 on Thursday. The stock has a 50-day simple moving average of $76.09 and a 200 day simple moving average of $70.07. The stock has a market capitalization of $136.95 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.66 and a beta of 0.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS. On average, sell-side analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s payout ratio is currently 36.10%.

Analysts Set New Price Targets

A number of brokerages have commented on TD. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.00.

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.