Pacifica Partners Inc. Lowers Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Pacifica Partners Inc. trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,997 shares of the bank’s stock after selling 170 shares during the quarter. Toronto-Dominion Bank makes up approximately 1.7% of Pacifica Partners Inc.’s portfolio, making the stock its 18th biggest holding. Pacifica Partners Inc.’s holdings in Toronto-Dominion Bank were worth $4,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TD. Seven Eight Capital LP purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $939,000. Voisard Asset Management Group Inc. purchased a new position in Toronto-Dominion Bank during the 4th quarter valued at $72,000. V Square Quantitative Management LLC boosted its holdings in shares of Toronto-Dominion Bank by 5,032.5% during the 4th quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock valued at $1,022,000 after buying an additional 15,500 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $259,000. Finally, Virtu Financial LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $1,379,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

TD stock opened at $63.80 on Tuesday. The firm has a market cap of $111.47 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.84 and a beta of 0.81. 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 Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The business’s fifty day simple moving average is $60.31 and its two-hundred day simple moving average is $58.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.56. The company 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%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Analysts predict 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. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 68.41%.

Analysts Set New Price Targets

TD has been the topic of a number of analyst reports. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. UBS Group assumed coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating for the company. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank 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.