Toronto Dominion Bank (The) $TD is Nicola Wealth Management LTD.’s 4th Largest Position

Nicola Wealth Management LTD. lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 427,202 shares of the bank’s stock after selling 190,400 shares during the period. Toronto Dominion Bank makes up approximately 3.0% of Nicola Wealth Management LTD.’s holdings, making the stock its 4th largest holding. Nicola Wealth Management LTD.’s holdings in Toronto Dominion Bank were worth $34,162,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its position in shares of Toronto Dominion Bank by 18.5% in the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after acquiring an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Toronto Dominion Bank by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock valued at $1,010,852,000 after purchasing an additional 115,203 shares during the period. Triasima Portfolio Management inc. bought a new position in Toronto Dominion Bank during the 2nd quarter valued at approximately $8,492,000. Picton Mahoney Asset Management purchased a new stake in Toronto Dominion Bank in the 2nd quarter worth approximately $267,475,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Toronto Dominion Bank by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock valued at $121,791,000 after buying an additional 51,698 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

TD stock opened at $94.79 on Tuesday. The stock’s 50 day simple moving average is $90.66 and its 200 day simple moving average is $81.96. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $54.14 and a 12-month high of $96.44. The stock has a market capitalization of $159.09 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. During the same period in the prior year, the company posted $1.72 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be paid a $1.08 dividend. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.