SeaCrest Wealth Management LLC Has $301,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

SeaCrest Wealth Management LLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,978 shares of the bank’s stock after selling 859 shares during the period. SeaCrest Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $301,000 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. Mather Group LLC. bought a new position in shares of Toronto-Dominion Bank in the first quarter worth about $29,000. Bank of New Hampshire bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $32,000. Avior Wealth Management LLC increased its stake in shares of Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares during the period. Optiver Holding B.V. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $39,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $50,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $55.68 on Thursday. The business’s fifty day moving average is $55.93 and its 200-day moving average is $58.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The company has a market cap of $97.28 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. Equities research analysts forecast that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.64%.

Analyst Ratings Changes

TD has been the topic of a number of recent analyst reports. Barclays initiated coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday. They set a “neutral” rating on the stock. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, National Bank Financial downgraded Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.00.

Toronto-Dominion Bank Company 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.