Toronto-Dominion Bank (NYSE:TD) Position Reduced by Aries Wealth Management

Share on StockTwits

Aries Wealth Management trimmed its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,999 shares of the bank’s stock after selling 261 shares during the quarter. Aries Wealth Management’s holdings in Toronto-Dominion Bank were worth $615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TD. Vanguard Group Inc. lifted its position in shares of Toronto-Dominion Bank by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 52,502,160 shares of the bank’s stock worth $3,064,025,000 after buying an additional 1,293,179 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in shares of Toronto-Dominion Bank by 99.5% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 45,627,230 shares of the bank’s stock worth $2,570,815,000 after buying an additional 22,761,407 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Toronto-Dominion Bank by 2.9% in the 2nd quarter. CIBC Asset Management Inc now owns 22,140,824 shares of the bank’s stock worth $1,292,138,000 after buying an additional 630,188 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Toronto-Dominion Bank by 0.7% in the 2nd quarter. Acadian Asset Management LLC now owns 10,084,600 shares of the bank’s stock worth $590,531,000 after buying an additional 69,129 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Toronto-Dominion Bank by 3.2% in the 2nd quarter. Fiera Capital Corp now owns 8,527,110 shares of the bank’s stock worth $498,354,000 after buying an additional 262,148 shares during the last quarter. Hedge funds and other institutional investors own 47.63% of the company’s stock.

TD stock opened at $57.01 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $103.57 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.82 and a beta of 1.07. The firm has a 50 day simple moving average of $56.28 and a 200 day simple moving average of $56.50. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $59.55.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 29th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.45. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. Sell-side analysts predict that Toronto-Dominion Bank will post 5.14 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.556 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.53%.

A number of research firms have recently issued reports on TD. Canaccord Genuity set a $81.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays set a $80.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Thursday, August 29th. CIBC set a $83.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada restated a “hold” rating and issued a $80.00 price target on shares of Toronto-Dominion Bank in a research report on Monday, October 7th. Finally, Zacks Investment Research downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Toronto-Dominion Bank presently has a consensus rating of “Buy” and an average price target of $78.56.

About Toronto-Dominion Bank

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.

Read More: What is a support level?

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Analysts Anticipate Red Robin Gourmet Burgers, Inc.  to Announce -$0.23 EPS
Zacks: Analysts Anticipate Red Robin Gourmet Burgers, Inc. to Announce -$0.23 EPS
ManpowerGroup Inc.  Expected to Post Earnings of $2.04 Per Share
ManpowerGroup Inc. Expected to Post Earnings of $2.04 Per Share
Hi Mutual Society  Hits Market Capitalization of $3.62 Million
Hi Mutual Society Hits Market Capitalization of $3.62 Million
DopeCoin  Reaches One Day Volume of $2,350.00
DopeCoin Reaches One Day Volume of $2,350.00
Pundi X Price Down 6.6% Over Last Week
Pundi X Price Down 6.6% Over Last Week
John B. Sanfilippo & Son, Inc.  COO Jasper Brian Sanfilippo, Jr. Sells 4,384 Shares
John B. Sanfilippo & Son, Inc. COO Jasper Brian Sanfilippo, Jr. Sells 4,384 Shares


© 2006-2019 Ticker Report