Checchi Capital Advisers LLC decreased its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,698 shares of the bank’s stock after selling 368 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Toronto-Dominion Bank were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. KCS Wealth Advisory purchased a new stake in Toronto-Dominion Bank in the 3rd quarter valued at about $30,000. Cullen Frost Bankers Inc. purchased a new stake in Toronto-Dominion Bank in the 3rd quarter valued at about $38,000. Sandy Spring Bank raised its holdings in Toronto-Dominion Bank by 640.7% in the 2nd quarter. Sandy Spring Bank now owns 800 shares of the bank’s stock valued at $47,000 after buying an additional 692 shares during the period. North Star Investment Management Corp. purchased a new stake in Toronto-Dominion Bank in the 3rd quarter valued at about $49,000. Finally, Coastal Capital Group Inc. purchased a new stake in Toronto-Dominion Bank in the 2nd quarter valued at about $51,000. 47.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:TD opened at $57.72 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $104.70 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. The firm’s 50-day moving average is $56.84 and its two-hundred day moving average is $56.66. Toronto-Dominion Bank has a 1 year low of $47.73 and a 1 year high of $59.55.
The firm also recently declared a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.556 per share. The ex-dividend date was Wednesday, October 9th. This represents a yield of 4.1%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.53%.
Several analysts recently issued reports on TD shares. Royal Bank of Canada restated a “hold” rating and issued a $80.00 price objective on shares of Toronto-Dominion Bank in a report on Monday, October 7th. National Bank Financial set a $84.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, August 30th. Scotiabank set a $80.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, August 30th. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, BMO Capital Markets lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $85.00 to $78.00 in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $78.36.
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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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