Bard Financial Services Inc. Sells 14,900 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bard Financial Services Inc. trimmed its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 70.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,240 shares of the bank’s stock after selling 14,900 shares during the quarter. Bard Financial Services Inc.’s holdings in Toronto-Dominion Bank were worth $395,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of Toronto-Dominion Bank during the 1st quarter worth about $29,000. LifeSteps Financial Inc. acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. grew its position in shares of Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $49,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD traded up $0.44 during trading hours on Friday, hitting $63.71. 993,679 shares of the company were exchanged, compared to its average volume of 2,194,773. The company has a market cap of $111.39 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.84 and a beta of 0.81. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $60.31 and its 200 day moving average is $58.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.739 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.64%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 67.73%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating on the stock. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.