Sequoia Financial Advisors LLC Has $656,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

Sequoia Financial Advisors LLC lowered its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 81.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,942 shares of the bank's stock after selling 53,067 shares during the period. Sequoia Financial Advisors LLC's holdings in Toronto-Dominion Bank were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Family Legacy Inc. boosted its holdings in shares of Toronto-Dominion Bank by 0.7% in the first quarter. Family Legacy Inc. now owns 26,351 shares of the bank's stock worth $1,591,000 after buying an additional 172 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank's stock worth $220,000 after buying an additional 184 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of Toronto-Dominion Bank by 1.6% in the first quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank's stock worth $699,000 after buying an additional 186 shares during the period. First Affirmative Financial Network boosted its holdings in shares of Toronto-Dominion Bank by 1.9% in the second quarter. First Affirmative Financial Network now owns 10,120 shares of the bank's stock worth $556,000 after buying an additional 190 shares during the period. Finally, Wright Investors Service Inc. boosted its holdings in shares of Toronto-Dominion Bank by 0.5% in the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank's stock worth $2,123,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

TD has been the subject of several research reports. National Bank Financial cut shares of Toronto-Dominion Bank from a "sector perform" rating to an "underperform" rating in a report on Thursday, May 23rd. BMO Capital Markets decreased their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a "market perform" rating for the company in a report on Friday, May 24th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a report on Friday, May 24th. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a "neutral" rating for the company. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus price target of $88.00.

Toronto-Dominion Bank Stock Up 1.1 %

NYSE TD traded up $0.61 during trading on Thursday, reaching $58.52. The company's stock had a trading volume of 1,565,140 shares, compared to its average volume of 2,807,689. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The stock has a market capitalization of $102.26 billion, a PE ratio of 13.30, a PEG ratio of 1.57 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $56.29 and a 200-day moving average price of $57.74.

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

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank's dividend payout ratio is 67.73%.

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.