Godsey & Gibb Inc. Decreases Holdings in Toronto Dominion Bank (The) $TD

Godsey & Gibb Inc. trimmed its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,395 shares of the bank’s stock after selling 910 shares during the quarter. Toronto Dominion Bank accounts for approximately 2.4% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 15th largest holding. Godsey & Gibb Inc.’s holdings in Toronto Dominion Bank were worth $25,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after acquiring an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec lifted its stake in shares of Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after buying an additional 4,853,498 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock valued at $630,746,000 after purchasing an additional 4,729,657 shares during the last quarter. JPMorgan Chase & Co. increased its position in Toronto Dominion Bank by 38.6% during the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after acquiring an additional 2,057,784 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 0.0%

Shares of NYSE:TD opened at $81.24 on Tuesday. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.08. The stock has a market capitalization of $138.17 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day moving average is $75.81 and its two-hundred day moving average is $69.92.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter last year, the company earned $2.05 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a $1.05 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio is 36.10%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Saturday, September 27th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $93.00.

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.