6,296 Shares in The Toronto-Dominion Bank (NYSE:TD) Purchased by MQS Management LLC

MQS Management LLC bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 6,296 shares of the bank’s stock, valued at approximately $398,000.

A number of other institutional investors have also recently made changes to their positions in TD. Galibier Capital Management Ltd. boosted its holdings in Toronto-Dominion Bank by 24.6% in the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after purchasing an additional 119,978 shares during the last quarter. Forsta AP Fonden increased its position in Toronto-Dominion Bank by 3.2% during the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after acquiring an additional 14,500 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in Toronto-Dominion Bank by 4.5% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,452,493 shares of the bank’s stock worth $91,948,000 after purchasing an additional 62,569 shares during the last quarter. Williams Financial LLC bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $10,454,000. Finally, Creative Planning increased its position in shares of Toronto-Dominion Bank by 9.8% during the 3rd quarter. Creative Planning now owns 144,251 shares of the bank’s stock valued at $9,125,000 after purchasing an additional 12,879 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $56.09 on Thursday. The company has a market capitalization of $98.07 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.60 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The firm’s 50 day simple moving average is $59.69 and its two-hundred day simple moving average is $57.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

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

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 96.49%.

About Toronto-Dominion Bank

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.