Intercontinental Wealth Advisors LLC Has $2.03 Million Position in Toronto-Dominion Bank (TD)

Intercontinental Wealth Advisors LLC decreased its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,415 shares of the bank’s stock after selling 1,573 shares during the quarter. Toronto-Dominion Bank comprises about 1.0% of Intercontinental Wealth Advisors LLC’s holdings, making the stock its 23rd largest position. Intercontinental Wealth Advisors LLC’s holdings in Toronto-Dominion Bank were worth $2,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TD. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Toronto-Dominion Bank by 60.0% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 10,773,218 shares of the bank’s stock valued at $819,734,000 after purchasing an additional 4,039,200 shares during the last quarter. Toronto Dominion Bank raised its stake in Toronto-Dominion Bank by 29.9% in the 2nd quarter. Toronto Dominion Bank now owns 14,732,953 shares of the bank’s stock valued at $852,369,000 after purchasing an additional 3,391,735 shares during the last quarter. Fiera Capital Corp raised its stake in Toronto-Dominion Bank by 62.7% in the 2nd quarter. Fiera Capital Corp now owns 7,874,345 shares of the bank’s stock valued at $455,807,000 after purchasing an additional 3,035,594 shares during the last quarter. Addenda Capital Inc. raised its stake in Toronto-Dominion Bank by 96.6% in the 2nd quarter. Addenda Capital Inc. now owns 4,162,640 shares of the bank’s stock valued at $238,377,000 after purchasing an additional 2,045,677 shares during the last quarter. Finally, CIBC World Markets Inc. raised its stake in Toronto-Dominion Bank by 3.5% in the 1st quarter. CIBC World Markets Inc. now owns 36,182,005 shares of the bank’s stock valued at $2,056,947,000 after purchasing an additional 1,208,773 shares during the last quarter. 47.56% of the stock is owned by hedge funds and other institutional investors.

NYSE TD opened at $57.82 on Wednesday. Toronto-Dominion Bank has a 12 month low of $54.66 and a 12 month high of $62.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $111.18 billion, a PE ratio of 13.52, a P/E/G ratio of 1.15 and a beta of 0.98.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 30th. The bank reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.43. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company posted $1.51 EPS. On average, analysts expect that Toronto-Dominion Bank will post 4.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be paid a dividend of $0.5144 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Tuesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 49.06%.

TD has been the subject of several analyst reports. TheStreet raised shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday, September 4th. Zacks Investment Research downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $79.00.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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