Toronto Dominion Bank (The) $TD Stock Sold by Guardian Partners Inc.

Guardian Partners Inc. decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 590,422 shares of the bank’s stock after selling 18,157 shares during the period. Toronto Dominion Bank comprises about 6.2% of Guardian Partners Inc.’s holdings, making the stock its 2nd largest holding. Guardian Partners Inc.’s holdings in Toronto Dominion Bank were worth $69,582,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Toronto Dominion Bank during the second quarter valued at approximately $202,900,000. SEB Asset Management AB purchased a new stake in shares of Toronto Dominion Bank in the 1st quarter worth about $139,123,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth about $74,503,000. Dimensional Fund Advisors LP grew its position in shares of Toronto Dominion Bank by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,565,982 shares of the bank’s stock worth $705,950,000 after buying an additional 589,316 shares during the period. Finally, Nykredit A S bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $46,808,000. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the subject of a number of recent research reports. Keefe, Bruyette & Woods assumed coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating for the company. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, September 28th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Toronto Dominion Bank Stock Up 1.9%

NYSE TD traded up $2.28 during mid-day trading on Wednesday, reaching $124.41. The stock had a trading volume of 376,833 shares, compared to its average volume of 2,350,696. Toronto Dominion Bank has a 1 year low of $79.52 and a 1 year high of $125.46. The stock has a market cap of $204.63 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. The company has a fifty day moving average price of $119.90 and a 200 day moving average price of $115.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, beating the consensus estimate of $1.74 by $0.24. The business had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. On average, research analysts expect that Toronto Dominion Bank will post 7.04 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be issued a dividend of C$1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio is presently 46.66%.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.