Toronto Dominion Bank (The) $TD Stock: Guardian Partners Inc. Trims Position

Guardian Partners Inc. decreased its holdings 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 Securities and Exchange Commission (SEC). The firm owned 590,422 shares of the bank’s stock after selling 18,157 shares during the quarter. Toronto Dominion Bank comprises approximately 6.2% of Guardian Partners Inc.’s portfolio, making the stock its 2nd biggest holding. Guardian Partners Inc.’s holdings in Toronto Dominion Bank were worth $69,582,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 55 North Private Wealth LLC raised its position in shares of Toronto Dominion Bank by 6.0% in the third quarter. 55 North Private Wealth LLC now owns 3,374 shares of the bank’s stock worth $397,000 after buying an additional 192 shares in the last quarter. Genesee Capital Advisors LLC bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $254,000. Net Worth Advisory Group grew its holdings in shares of Toronto Dominion Bank by 2.9% during the third quarter. Net Worth Advisory Group now owns 6,831 shares of the bank’s stock worth $803,000 after purchasing an additional 191 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Toronto Dominion Bank by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,674 shares of the bank’s stock worth $3,370,000 after purchasing an additional 207 shares in the last quarter. Finally, Cordatus Wealth Management LLC increased its position in shares of Toronto Dominion Bank by 3.8% in the third quarter. Cordatus Wealth Management LLC now owns 4,402 shares of the bank’s stock worth $517,000 after purchasing an additional 161 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Trading Up 1.9%

Toronto Dominion Bank stock traded up $2.28 during trading hours on Wednesday, reaching $124.41. The stock had a trading volume of 376,833 shares, compared to its average volume of 2,350,696. The company has a fifty day simple moving average of $119.90 and a 200-day simple moving average of $115.64. Toronto Dominion Bank has a 52 week low of $79.52 and a 52 week high of $125.46. The stock has a market cap of $204.63 billion, a PE ratio of 18.48, a PEG ratio of 1.19 and a beta of 0.75. 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 quarterly earnings data on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, beating the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The firm had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $10.70 billion. During the same period in the prior year, the firm posted $2.20 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts forecast that Toronto Dominion Bank will post 7.04 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a C$1.12 dividend. This represents a $4.48 annualized dividend 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 (DPR) is currently 46.66%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TD shares. Keefe, Bruyette & Woods began 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 raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, September 28th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.