Coastline Trust Co Sells 3,190 Shares of The Toronto-Dominion Bank (NYSE:TD)

Coastline Trust Co decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 18.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,674 shares of the bank’s stock after selling 3,190 shares during the period. Coastline Trust Co’s holdings in Toronto-Dominion Bank were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Triad Wealth Partners LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. raised its holdings in shares of Toronto-Dominion Bank by 50.7% during the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Toronto-Dominion Bank during the second quarter valued at $49,000. BOKF NA boosted its holdings in Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after purchasing an additional 680 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth about $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 1.2 %

TD stock opened at $55.94 on Friday. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. 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 firm has a 50-day simple moving average of $59.46 and a 200-day simple moving average of $57.75. The stock has a market capitalization of $97.81 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.59 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. The company 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%. Toronto-Dominion Bank’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Equities analysts forecast that The Toronto-Dominion Bank will post 5.8 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.739 dividend. This represents a $2.96 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.17%.

Analyst Ratings Changes

A number of brokerages have recently commented on TD. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Company Profile

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.