Shares holdings of Toronto-Dominion Bank (NYSE:TD) were decreased by Harbor Investments Inc .

VaselineAugust 29, 2024

0 3 minutes read

Harbor Investments Inc. lessened its holdings in The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 4.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,900 shares of the bank’s stock after selling 430 shares during the period. Holdings held by Harbor Investments Inc. in Toronto-Dominion Bank were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Toronto-Dominion Bank in the first quarter valued at approximately $29,000. LifeSteps Financial Inc. acquired a new position in shares of Toronto-Dominion Bank in the first quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of Toronto-Dominion Bank in the second quarter valued at about $31,000. Blue Trust Inc. boosted its stake in Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares during the period. Finally, Optiver Holding BV acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. 52.37% of shares are owned by institutional investors and hedge funds.

Toronto-Dominion Bank trade down 0.5%

Shares of NYSE:TD opened at $59.42 on Thursday. The company has a 50-day moving average of $57.02 and a 200-day moving average of $57.66. The firm has a market cap of $103.83 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.74 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The company has a current ratio of 1.01, a quick ratio of 1.01, and a debt-to-equity ratio of 0.11.

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Toronto-Dominion Bank (NYSE:TD – Get Your Free Report ) (TSE:TD) last posted 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. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.27%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted EPS of $1.48. As a group, analysts anticipate that Toronto-Dominion Bank will post 5.89 earnings per share for the current fiscal year.

Toronto-Dominion Bank cuts dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date is Thursday, October 10. This represents a dividend of $2.96 on an annualized basis and a dividend yield of 4.97%. Toronto-Dominion Bank’s payout ratio is currently 67.05%.

Analysts on Wall Street are forecasting an increase

TD has been the subject of several analyst reports. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating on the company. BMO Capital Markets cut their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $84.00, based on data from MarketBeat.com.

Read the latest stock report on TD

About Toronto-Dominion Bank

(Free Report)

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, US Retail, Wealth Management and Insurance and Wholesale Banking.