Litman Gregory Wealth Management LLC Sells 1,300 Shares of Toronto Dominion Bank (The) $TD

Litman Gregory Wealth Management LLC decreased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 28.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,325 shares of the bank’s stock after selling 1,300 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Toronto Dominion Bank were worth $244,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its position in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $32,000. ORG Partners LLC bought a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $34,000. Brentview Investment Management LLC purchased a new stake in Toronto Dominion Bank in the first quarter worth $40,000. Finally, Colonial Trust Advisors bought a new stake in Toronto Dominion Bank in the first quarter valued at $44,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 1.9%

Toronto Dominion Bank stock opened at $81.13 on Monday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The stock has a fifty day simple moving average of $75.66 and a two-hundred day simple moving average of $69.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market cap of $137.99 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.66 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same period last year, the firm posted $2.05 earnings per share. Toronto Dominion Bank’s revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 36.10%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.00.

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.