The Toronto-Dominion Bank (NYSE:TD) Position Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 69.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,094 shares of the bank’s stock after selling 45,810 shares during the quarter. Vontobel Holding Ltd.’s holdings in Toronto-Dominion Bank were worth $1,270,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Williams Financial LLC acquired a new position in shares of Toronto-Dominion Bank in the second quarter worth about $10,454,000. Dixon Mitchell Investment Counsel Inc. raised its stake in Toronto-Dominion Bank by 2.7% during the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock valued at $83,881,000 after purchasing an additional 37,002 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Toronto-Dominion Bank in the first quarter valued at $6,454,000. FORA Capital LLC acquired a new stake in shares of Toronto-Dominion Bank in the first quarter worth $4,025,000. Finally, Cetera Investment Advisers grew its holdings in shares of Toronto-Dominion Bank by 173.2% during the first quarter. Cetera Investment Advisers now owns 74,887 shares of the bank’s stock valued at $4,522,000 after buying an additional 47,477 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TD has been the topic of several research analyst reports. UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $56.35 on Friday. The business’s 50-day simple moving average is $60.65 and its 200-day simple moving average is $58.04. 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 Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The firm has a market cap of $98.46 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.65 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data 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 during 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%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. As a group, equities research analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.25%. Toronto-Dominion Bank’s payout ratio is presently 68.41%.

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.