Keynote Financial Services LLC Sells 241 Shares of The Toronto-Dominion Bank (NYSE:TD)

Keynote Financial Services LLC lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,312 shares of the bank’s stock after selling 241 shares during the quarter. Keynote Financial Services LLC’s holdings in Toronto-Dominion Bank were worth $399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank in the second quarter valued at $31,000. Blue Trust Inc. raised 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 worth $38,000 after purchasing an additional 212 shares during the period. Kimelman & Baird LLC purchased a new stake in Toronto-Dominion Bank in the 2nd quarter worth about $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 purchasing an additional 680 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Toronto-Dominion Bank during the third quarter valued at approximately $66,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Stock Up 0.5 %

Shares of NYSE:TD opened at $56.80 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $59.93 and its 200 day moving average is $57.86. The stock has a market cap of $99.32 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 EPS. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.8 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.49%.

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.