Probity Advisors Inc. Has $1.22 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Probity Advisors Inc. increased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,236 shares of the bank’s stock after buying an additional 2,655 shares during the period. Probity Advisors Inc.’s holdings in Toronto-Dominion Bank were worth $1,217,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in Toronto-Dominion Bank during the first quarter worth $29,000. Triad Wealth Partners LLC acquired a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth about $31,000. Blue Trust Inc. lifted its position in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after acquiring an additional 212 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Finally, BOKF NA increased its holdings in Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after purchasing an additional 680 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. 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. Finally, UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Stock Up 0.1 %

TD stock opened at $56.38 on Thursday. The stock has a market cap of $98.58 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.65 and a beta of 0.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $60.67 and its two-hundred day simple moving average is $58.08. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping 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 company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

About Toronto-Dominion Bank

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.