The Toronto-Dominion Bank (NYSE:TD) Stock Position Increased by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 24.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 608,613 shares of the bank’s stock after purchasing an additional 119,978 shares during the quarter. Toronto-Dominion Bank comprises about 8.7% of Galibier Capital Management Ltd.’s holdings, making the stock its biggest holding. Galibier Capital Management Ltd.’s holdings in Toronto-Dominion Bank were worth $38,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Triad Wealth Partners LLC purchased a new stake in Toronto-Dominion Bank during the 2nd quarter worth about $31,000. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 50.7% during the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after buying an additional 212 shares during the period. Kimelman & Baird LLC acquired a new stake in Toronto-Dominion Bank in the second quarter valued at approximately $49,000. BOKF NA lifted its stake in Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after acquiring an additional 680 shares during the last quarter. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank in the third quarter worth approximately $66,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the topic of a number of analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. UBS Group initiated coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating for the company. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Stock Down 0.3 %

TD opened at $55.31 on Wednesday. The stock has a market capitalization of $96.71 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81. 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 one year low of $53.52 and a one year high of $65.12. The business’s 50-day simple moving average is $60.38 and its 200-day simple moving average is $57.93.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The company had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. Analysts anticipate that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.34%. Toronto-Dominion Bank’s dividend payout ratio is presently 96.17%.

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.