Toronto Dominion Bank (The) $TD Stock Holdings Trimmed by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,539 shares of the bank’s stock after selling 5,488 shares during the period. Toronto Dominion Bank accounts for 1.8% of Cardinal Point Capital Management ULC’s holdings, making the stock its 16th biggest position. Cardinal Point Capital Management ULC’s holdings in Toronto Dominion Bank were worth $33,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TD. Cornerstone Financial Management LLC boosted its holdings in Toronto Dominion Bank by 77.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock worth $26,000 after buying an additional 95 shares during the last quarter. Main Line Retirement Advisors LLC increased its stake in shares of Toronto Dominion Bank by 0.8% in the 1st quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after acquiring an additional 102 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Toronto Dominion Bank by 1.8% during the first quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock worth $535,000 after purchasing an additional 102 shares during the period. Aspiriant LLC raised its position in shares of Toronto Dominion Bank by 2.4% during the 3rd quarter. Aspiriant LLC now owns 4,343 shares of the bank’s stock valued at $510,000 after buying an additional 103 shares during the period. Finally, Checchi Capital Advisers LLC lifted its stake in shares of Toronto Dominion Bank by 1.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after purchasing an additional 104 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $124.68 on Thursday. The firm’s 50 day moving average is $119.93 and its two-hundred day moving average is $115.85. Toronto Dominion Bank has a 52 week low of $79.52 and a 52 week high of $125.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $205.07 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.21 and a beta of 0.75.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.70 billion. During the same period in the previous year, the company earned $2.20 earnings per share. Toronto Dominion Bank’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that Toronto Dominion Bank will post 7.04 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be paid a dividend of C$1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio is currently 46.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating for the company. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Toronto Dominion Bank Company 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.