Principal Financial Group Inc. Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Principal Financial Group Inc. lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,900 shares of the bank’s stock after selling 1,900 shares during the quarter. Principal Financial Group Inc.’s holdings in Toronto-Dominion Bank were worth $2,652,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in Toronto-Dominion Bank during the second quarter valued at $31,000. Blue Trust Inc. increased its position in shares of Toronto-Dominion Bank by 50.7% during 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 last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. BOKF NA lifted its stake in shares of Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after purchasing an additional 680 shares during the period. Finally, Eastern Bank purchased a new position in shares of Toronto-Dominion Bank in the third quarter worth approximately $66,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Up 0.4 %

TD stock opened at $56.15 on Friday. The firm has a fifty day moving average price of $58.90 and a 200 day moving average price of $57.71. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The firm has a market cap of $98.28 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TD. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Company 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.