Community Bank N.A. cut its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,269 shares of the bank’s stock after selling 500 shares during the period. Community Bank N.A.’s holdings in Toronto-Dominion Bank were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently bought and sold shares of TD. Watson Rebecca acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at $30,000. Citizens Financial Group Inc RI acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at approximately $31,000. Carroll Financial Associates Inc. increased its holdings in Toronto-Dominion Bank by 471.3% during the first quarter. Carroll Financial Associates Inc. now owns 777 shares of the bank’s stock worth $32,000 after buying an additional 641 shares during the last quarter. Balentine LLC bought a new stake in Toronto-Dominion Bank during the first quarter worth $33,000. Finally, Fifth Third Bancorp grew its position in shares of Toronto-Dominion Bank by 39.0% in the 1st quarter. Fifth Third Bancorp now owns 891 shares of the bank’s stock valued at $38,000 after acquiring an additional 250 shares during the period. 47.89% of the stock is currently owned by institutional investors.
TD stock traded down $0.24 during mid-day trading on Friday, hitting $44.28. The stock had a trading volume of 1,514,004 shares, compared to its average volume of 1,456,760. The firm has a fifty day simple moving average of $44.95 and a 200 day simple moving average of $46.29. The firm has a market capitalization of $79.81 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.80 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16. Toronto-Dominion Bank has a 52 week low of $33.74 and a 52 week high of $58.81.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were issued a dividend of $0.567 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 5.12%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.32%.
Several brokerages have recently commented on TD. Bank of America lifted their target price on Toronto-Dominion Bank from $43.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday. ValuEngine upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Scotiabank increased their price target on shares of Toronto-Dominion Bank from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, CIBC initiated coverage on shares of Toronto-Dominion Bank in a research report on Friday, July 24th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $71.62.
Toronto-Dominion Bank Profile
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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