Allspring Global Investments Holdings LLC Has $121,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Allspring Global Investments Holdings LLC decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 93.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,917 shares of the bank’s stock after selling 25,664 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Toronto-Dominion Bank were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Toronto-Dominion Bank by 61.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after purchasing an additional 2,215,185 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 31.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after purchasing an additional 2,188,263 shares during the period. National Bank of Canada FI grew its position in Toronto-Dominion Bank by 6.2% in the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock valued at $1,677,917,000 after purchasing an additional 1,736,931 shares during the period. 1832 Asset Management L.P. grew its position in Toronto-Dominion Bank by 6.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Toronto-Dominion Bank by 17.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock valued at $493,880,000 after purchasing an additional 1,238,502 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of NYSE TD opened at $55.03 on Tuesday. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. 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 firm has a market capitalization of $96.22 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.62 and a beta of 0.82. The business has a 50-day moving average of $60.06 and a 200-day moving average of $57.89.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Toronto-Dominion Bank’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts expect that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.739 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.37%. Toronto-Dominion Bank’s payout ratio is 96.17%.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $84.00.

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.