Insight Folios Inc Has $6.72 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Insight Folios Inc raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,266 shares of the bank’s stock after buying an additional 6,598 shares during the period. Toronto-Dominion Bank comprises 2.4% of Insight Folios Inc’s portfolio, making the stock its 23rd biggest position. Insight Folios Inc’s holdings in Toronto-Dominion Bank were worth $6,722,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its holdings in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after buying an additional 184 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in Toronto-Dominion Bank by 1.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock worth $699,000 after buying an additional 186 shares in the last quarter. First Affirmative Financial Network grew its holdings in Toronto-Dominion Bank by 1.9% during the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after acquiring an additional 190 shares during the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Toronto-Dominion Bank by 0.5% in the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock worth $2,123,000 after acquiring an additional 191 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $56.34 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The business’s fifty day moving average is $60.52 and its 200-day moving average is $57.95. The company has a market cap of $98.51 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share. Equities research analysts forecast that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

Analysts Set New Price Targets

Several research analysts recently weighed in on TD shares. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, UBS Group began coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.00.

About Toronto-Dominion Bank

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.