Toronto Dominion Bank (The) $TD Shares Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,650,983 shares of the bank’s stock after purchasing an additional 6,515 shares during the quarter. Toronto Dominion Bank makes up approximately 4.7% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 4th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Toronto Dominion Bank were worth $132,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Toronto Dominion Bank in the first quarter valued at approximately $568,000. Focus Partners Wealth increased its holdings in Toronto Dominion Bank by 27.7% during the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Toronto Dominion Bank in the 2nd quarter valued at $259,000. Savant Capital LLC increased its holdings in shares of Toronto Dominion Bank by 76.8% in the second quarter. Savant Capital LLC now owns 11,391 shares of the bank’s stock valued at $837,000 after purchasing an additional 4,947 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Toronto Dominion Bank by 1,580.9% in the 2nd quarter. Acadian Asset Management LLC now owns 475,700 shares of the bank’s stock worth $34,906,000 after purchasing an additional 447,400 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.3%

NYSE:TD opened at $95.34 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84. The firm has a market capitalization of $159.34 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.09 and a beta of 0.66. The business’s 50-day moving average price is $95.45 and its two-hundred day moving average price is $86.70.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.02 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.81%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TD. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Company Profile

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.