Investors Research Corp Sells 5,589 Shares of Toronto Dominion Bank (The) $TD

Investors Research Corp lowered its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 91.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 498 shares of the bank’s stock after selling 5,589 shares during the quarter. Investors Research Corp’s holdings in Toronto Dominion Bank were worth $60,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Bayban bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd increased its position in shares of Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after acquiring an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in shares of Toronto Dominion Bank during the fourth quarter worth about $34,000. Brown Lisle Cummings Inc. raised its holdings in shares of Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after acquiring an additional 456 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TD shares. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods started coverage on Toronto Dominion Bank in a research note on Friday, August 21st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Trading Up 1.7%

Shares of TD stock opened at $121.51 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $199.87 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.19 and a beta of 0.73. Toronto Dominion Bank has a 52-week low of $74.11 and a 52-week high of $125.46. The company has a 50-day simple moving average of $120.66 and a two-hundred day simple moving average of $109.81.

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

Toronto Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.