Toronto Dominion Bank (The) $TD Holdings Lowered by Godsey & Gibb Inc.

Godsey & Gibb Inc. reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,887 shares of the bank’s stock after selling 15,577 shares during the period. Toronto Dominion Bank comprises approximately 2.1% of Godsey & Gibb Inc.’s holdings, making the stock its 12th biggest position. Godsey & Gibb Inc.’s holdings in Toronto Dominion Bank were worth $30,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Auto Owners Insurance Co boosted its holdings in Toronto Dominion Bank by 9,320.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock worth $396,544,000 after purchasing an additional 3,923,347 shares during the period. Bank of New York Mellon Corp bought a new position in Toronto Dominion Bank in the 2nd quarter worth about $202,900,000. SEB Asset Management AB bought a new position in Toronto Dominion Bank in the 1st quarter worth approximately $139,123,000. Alberta Investment Management Corp grew its holdings in Toronto Dominion Bank by 31.0% in the 4th quarter. Alberta Investment Management Corp now owns 3,181,800 shares of the bank’s stock worth $299,850,000 after buying an additional 753,300 shares in the last quarter. Finally, State of Wisconsin Investment Board bought a new position in Toronto Dominion Bank in the 4th quarter worth approximately $59,885,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.3%

TD stock opened at $117.57 on Thursday. The company has a market cap of $193.38 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.17 and a beta of 0.75. Toronto Dominion Bank has a 12-month low of $78.43 and a 12-month high of $125.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $119.95 and a two-hundred day moving average of $114.86.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, equities analysts anticipate that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be paid a C$1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 9th. Toronto Dominion Bank’s payout ratio is presently 46.81%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods started coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.