Pathway Financial Advisers LLC Grows Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Pathway Financial Advisers LLC raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,637 shares of the bank’s stock after buying an additional 3,638 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Toronto-Dominion Bank were worth $2,191,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank during the second quarter valued at about $31,000. Blue Trust Inc. raised its position in shares of Toronto-Dominion Bank by 50.7% in the 2nd 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 last quarter. Kimelman & Baird LLC purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at approximately $49,000. BOKF NA raised its position in shares of Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after purchasing an additional 680 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at approximately $66,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the subject of several research analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. 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. Finally, National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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 $55.53 on Wednesday. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The company’s 50 day moving average is $60.38 and its 200 day moving average is $57.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $97.09 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.65 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.56. The company had revenue of $14.18 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.32%. Toronto-Dominion Bank’s payout ratio is 96.17%.

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.