Pathway Financial Advisers LLC Has $1.70 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Pathway Financial Advisers LLC decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,999 shares of the bank’s stock after selling 169 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Toronto-Dominion Bank were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TD. Williams Financial LLC purchased a new position in Toronto-Dominion Bank during the second quarter valued at approximately $10,454,000. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Toronto-Dominion Bank by 2.7% in the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock worth $83,881,000 after acquiring an additional 37,002 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Toronto-Dominion Bank during the first quarter worth $6,454,000. FORA Capital LLC acquired a new stake in Toronto-Dominion Bank during the first quarter valued at $4,025,000. Finally, V Square Quantitative Management LLC boosted its position in Toronto-Dominion Bank by 5,032.5% during the fourth quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock valued at $1,022,000 after purchasing an additional 15,500 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Down 0.2 %

Shares of TD opened at $63.26 on Tuesday. 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 company has a 50-day simple moving average of $59.87 and a 200-day simple moving average of $58.00. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The firm has a market capitalization of $110.60 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.85 and a beta of 0.81.

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. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.739 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 67.73%.

Analyst Upgrades and Downgrades

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

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.