Bard Financial Services Inc. Sells 14,900 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bard Financial Services Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,240 shares of the bank's stock after selling 14,900 shares during the period. Bard Financial Services Inc.'s holdings in Toronto-Dominion Bank were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its holdings in Toronto-Dominion Bank by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank's stock worth $220,000 after acquiring an additional 184 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of Toronto-Dominion Bank by 1.6% in the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank's stock valued at $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 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank's stock valued at $556,000 after buying an additional 190 shares during the period. Wright Investors Service Inc. boosted its holdings in shares of Toronto-Dominion Bank by 0.5% in the 1st quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank's stock valued at $2,123,000 after buying an additional 191 shares during the period. Finally, Balanced Rock Investment Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 1.4% in the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank's stock valued at $822,000 after buying an additional 203 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of Toronto-Dominion Bank stock traded up $0.44 during trading on Friday, hitting $63.71. The stock had a trading volume of 993,679 shares, compared to its average volume of 2,194,773. The stock has a 50 day simple moving average of $60.31 and a 200 day simple moving average of $58.10. The company has a market capitalization of $111.39 billion, a PE ratio of 14.48, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. 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 - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. On average, research analysts expect that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.739 dividend. This represents a $2.96 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank's dividend payout ratio is 67.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TD. UBS Group began coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a "neutral" rating for the company. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Thursday, August 22nd. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price 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.