QV Investors Inc. Has $54.77 Million Position in The Toronto-Dominion Bank (NYSE:TD)

by · The Cerbat Gem

QV Investors Inc. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865,227 shares of the bank’s stock after selling 2,944 shares during the period. Toronto-Dominion Bank accounts for approximately 4.8% of QV Investors Inc.’s portfolio, making the stock its 5th biggest holding. QV Investors Inc.’s holdings in Toronto-Dominion Bank were worth $54,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Toronto-Dominion Bank by 9.8% in the 3rd quarter. Creative Planning now owns 144,251 shares of the bank’s stock valued at $9,125,000 after acquiring an additional 12,879 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Toronto-Dominion Bank during the third quarter valued at approximately $222,000. Fiduciary Financial Group LLC bought a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $211,000. Successful Portfolios LLC acquired a new stake in shares of Toronto-Dominion Bank in the third quarter worth $209,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD opened at $56.33 on Wednesday. The stock’s 50 day simple moving average is $60.66 and its 200-day simple moving average is $58.10. 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 stock has a market cap of $98.43 billion, a PE ratio of 12.80, a P/E/G ratio of 1.73 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12.

Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.84 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.41%.

Analysts Set New Price Targets

A number of research firms have weighed in on TD. 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 started coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Read Our Latest Report on TD

Toronto-Dominion Bank Profile

(Free Report)

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.

See Also

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