Wealth Enhancement Advisory Services LLC Purchases 992 Shares of The Toronto-Dominion Bank (NYSE:TD)

Wealth Enhancement Advisory Services LLC lifted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,895 shares of the bank’s stock after purchasing an additional 992 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Toronto-Dominion Bank were worth $436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Toronto-Dominion Bank by 61.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after buying an additional 2,215,185 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Toronto-Dominion Bank by 31.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock worth $549,550,000 after purchasing an additional 2,188,263 shares in the last quarter. National Bank of Canada FI lifted its stake in Toronto-Dominion Bank by 6.2% during the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after purchasing an additional 1,736,931 shares during the period. 1832 Asset Management L.P. lifted its stake in Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Toronto-Dominion Bank by 17.9% during the first quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock valued at $493,880,000 after purchasing an additional 1,238,502 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.2 %

Shares of TD opened at $56.69 on Friday. 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 market cap of $99.12 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.61 and a beta of 0.82. The stock has a fifty day moving average price of $59.81 and a two-hundred day moving average price of $57.84. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued 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 business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. Analysts predict that The Toronto-Dominion Bank will post 5.8 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.739 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.21%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 96.49%.

Wall Street Analyst Weigh In

TD has been the subject of several analyst reports. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.