3,362 Shares in The Toronto-Dominion Bank (NYSE:TD) Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. acquired a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,362 shares of the bank’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Triad Wealth Partners LLC purchased a new stake in Toronto-Dominion Bank in the 2nd quarter worth approximately $31,000. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at $49,000. BOKF NA boosted its holdings in Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after buying an additional 680 shares during the period. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the 3rd quarter worth $66,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $56.94 on Tuesday. The company has a market cap of $99.55 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $59.81 and its 200 day moving average price is $57.83. 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) (TSE:TD) last announced its quarterly earnings data 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 analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. As a group, equities research analysts forecast that The Toronto-Dominion Bank will post 5.8 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.739 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.19%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 96.17%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TD shares. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $84.00.

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.