Aspiriant LLC Trims Position in Toronto-Dominion Bank (NYSE:TD)

Aspiriant LLC cut its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,430 shares of the bank’s stock after selling 190 shares during the period. Aspiriant LLC’s holdings in Toronto-Dominion Bank were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in Toronto-Dominion Bank by 5.4% during the second quarter. Cornerstone Advisors Inc. now owns 3,746 shares of the bank’s stock valued at $219,000 after acquiring an additional 193 shares in the last quarter. Claro Advisors LLC grew its stake in Toronto-Dominion Bank by 0.6% during the third quarter. Claro Advisors LLC now owns 30,845 shares of the bank’s stock valued at $1,797,000 after acquiring an additional 196 shares in the last quarter. Norway Savings Bank grew its stake in Toronto-Dominion Bank by 13.5% during the third quarter. Norway Savings Bank now owns 1,679 shares of the bank’s stock valued at $98,000 after acquiring an additional 200 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in Toronto-Dominion Bank by 8.6% during the second quarter. Compagnie Lombard Odier SCmA now owns 2,714 shares of the bank’s stock valued at $158,000 after acquiring an additional 214 shares in the last quarter. Finally, First Financial Corp IN grew its stake in Toronto-Dominion Bank by 16.1% during the third quarter. First Financial Corp IN now owns 1,561 shares of the bank’s stock valued at $91,000 after acquiring an additional 216 shares in the last quarter. 47.59% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on TD. Canaccord Genuity set a $81.00 target price on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research note on Friday, August 30th. CSFB cut shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and cut their target price for the company from $76.00 to $74.00 in a research note on Monday, October 28th. Scotiabank set a $80.00 target price on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets cut shares of Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and cut their target price for the company from $85.00 to $78.00 in a research note on Friday, August 30th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $80.00 target price on shares of Toronto-Dominion Bank in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of $78.36.

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Shares of NYSE:TD opened at $57.89 on Friday. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $59.55. The stock has a market capitalization of $105.10 billion, a P/E ratio of 11.51, a PEG ratio of 1.79 and a beta of 1.06. The firm has a fifty day simple moving average of $56.83 and a two-hundred day simple moving average of $56.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 29th. The bank reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.45. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. The business had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. During the same period last year, the company posted $1.66 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Toronto-Dominion Bank will post 5.17 earnings per share for the current year.

The firm also recently disclosed a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.556 dividend. The ex-dividend date was Wednesday, October 9th. This represents a dividend yield of 4.1%. Toronto-Dominion Bank’s payout ratio is currently 44.53%.

Toronto-Dominion Bank Company 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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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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