PARK CIRCLE Co Trims Stock Position in Toronto Dominion Bank (The) $TD

Key Points

• PARK CIRCLE Co reduced its stake in Toronto Dominion Bank by 18.8%, owning 24,200 shares after selling 5,600 shares in the second quarter.
• Toronto Dominion Bank plans to increase its quarterly dividend from $0.76 to $1.05, representing a 5.2% yield, with the ex-dividend date set for October 10th.
• Analyst ratings for Toronto Dominion Bank show mixed sentiments, with one brokerage downgrading it to a "sell" while others have maintained or raised their ratings, resulting in a consensus rating of "Hold."

PARK CIRCLE Co decreased its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the bank's stock after selling 5,600 shares during the period. Toronto Dominion Bank accounts for 1.5% of PARK CIRCLE Co's investment portfolio, making the stock its 19th largest holding. PARK CIRCLE Co's holdings in Toronto Dominion Bank were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. Triasima Portfolio Management inc. acquired a new position in Toronto Dominion Bank in the second quarter valued at $8,492,000. Sax Wealth Advisors LLC acquired a new stake in shares of Toronto Dominion Bank in the 2nd quarter valued at about $224,000. Shell Asset Management Co. grew its stake in Toronto Dominion Bank by 74.0% during the 2nd quarter. Shell Asset Management Co. now owns 75,293 shares of the bank's stock worth $5,527,000 after buying an additional 32,021 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Toronto Dominion Bank during the second quarter worth approximately $223,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Toronto Dominion Bank in the second quarter valued at approximately $233,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TD. Wall Street Zen lowered 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 raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Wednesday. Finally, Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.5%

Shares of Toronto Dominion Bank stock opened at $80.52 on Thursday. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company's 50-day simple moving average is $76.09 and its 200-day simple moving average is $70.07. The firm has a market cap of $136.95 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80.

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

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a $1.05 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.2%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 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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