Baldwin Wealth Partners LLC MA Decreases Holdings in Toronto Dominion Bank (The) $TD

Key Points

• Baldwin Wealth Partners LLC MA decreased its holdings in Toronto Dominion Bank by 24.8%, now owning 34,875 shares worth approximately $2,562,000.
• Toronto Dominion Bank recently announced a quarterly dividend increase to $1.05, up from the previous $0.76, resulting in a substantial annual dividend yield of 5.3%.
• Wall Street analysts have mixed views on the stock, with ratings ranging from a sell to an outperform and a consensus rating of hold.

Baldwin Wealth Partners LLC MA reduced its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 24.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,875 shares of the bank's stock after selling 11,500 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Toronto Dominion Bank were worth $2,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after buying an additional 236 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $32,000. ORG Partners LLC purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $34,000. Brentview Investment Management LLC purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $40,000. Finally, Colonial Trust Advisors purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $44,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research report on Friday, October 3rd. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Toronto Dominion Bank in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Price Performance

TD opened at $79.89 on Friday. The firm has a market cap of $135.87 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.80. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The company's 50-day moving average price is $76.23 and its 200 day moving average price is $70.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. Toronto Dominion Bank's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. As a group, sell-side analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, October 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.3%. Toronto Dominion Bank's dividend payout ratio (DPR) is 36.10%.

Toronto Dominion Bank 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.

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