The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 51.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the bank’s stock after selling 7,469 shares during the period. Walter Public Investments Inc.’s holdings in Toronto-Dominion Bank were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TD. Sumitomo Life Insurance Co. grew its holdings in Toronto-Dominion Bank by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 22,679 shares of the bank’s stock valued at $1,435,000 after purchasing an additional 610 shares during the last quarter. Creative Planning raised its position in Toronto-Dominion Bank by 9.8% during the third quarter. Creative Planning now owns 144,251 shares of the bank’s stock worth $9,125,000 after acquiring an additional 12,879 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $222,000. Fiduciary Financial Group LLC acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $211,000. Finally, Successful Portfolios LLC acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TD shares. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. 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. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating on the stock. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Price Performance

TD opened at $56.33 on Thursday. The company’s 50 day simple moving average is $60.67 and its 200 day simple moving average is $58.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The stock has a market capitalization of $98.49 billion, a PE ratio of 18.00, a P/E/G ratio of 1.65 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its 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 business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period last year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.25%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.49%.

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.