CORDA Investment Management LLC. reduced its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 428,876 shares of the bank’s stock after selling 10,205 shares during the period. Toronto-Dominion Bank makes up approximately 3.1% of CORDA Investment Management LLC.’s portfolio, making the stock its 11th biggest holding. CORDA Investment Management LLC.’s holdings in Toronto-Dominion Bank were worth $26,075,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Manhattan Co. grew its position in shares of Toronto-Dominion Bank by 106.9% during the 3rd quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock valued at $119,000 after acquiring an additional 1,018 shares during the period. Huntington National Bank grew its position in shares of Toronto-Dominion Bank by 216.9% during the 3rd quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock valued at $129,000 after acquiring an additional 1,447 shares during the period. Quad Cities Investment Group LLC acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $139,000. Destination Wealth Management acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $139,000. Finally, Atlas Capital Advisors LLC grew its position in shares of Toronto-Dominion Bank by 1,361.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 2,455 shares of the bank’s stock valued at $142,000 after acquiring an additional 2,287 shares during the period. 47.54% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on the company. ValuEngine cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, TheStreet upgraded Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Toronto-Dominion Bank presently has an average rating of “Buy” and an average price target of $79.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 30th. The bank reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.43. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.23 billion. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. During the same period last year, the company posted $1.51 EPS. Sell-side analysts forecast that Toronto-Dominion Bank will post 4.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th were paid a $0.5144 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Tuesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 49.06%.
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About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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