PDS Planning Inc Boosts Position in The Toronto-Dominion Bank (NYSE:TD)

PDS Planning Inc boosted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,357 shares of the bank’s stock after purchasing an additional 441 shares during the quarter. PDS Planning Inc’s holdings in Toronto-Dominion Bank were worth $402,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its position in shares of Toronto-Dominion Bank by 6.2% during the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after acquiring an additional 1,736,931 shares during the last quarter. Mackenzie Financial Corp grew its position in Toronto-Dominion Bank by 0.8% during the 2nd quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock worth $1,429,186,000 after purchasing an additional 218,807 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Toronto-Dominion Bank by 9.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock worth $759,449,000 after buying an additional 1,206,574 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Toronto-Dominion Bank by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock worth $653,194,000 after buying an additional 358,283 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TD. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a 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 note on Friday, October 11th. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of NYSE TD opened at $55.03 on Tuesday. The business has a 50 day simple moving average of $60.06 and a 200 day simple moving average of $57.89. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The stock has a market cap of $96.22 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results 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. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the business posted $1.48 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts predict that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.739 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.37%. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

Toronto-Dominion Bank 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.