Harvest Portfolios Group Inc. Has $14.72 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Harvest Portfolios Group Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 243.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 184,133 shares of the bank’s stock after buying an additional 130,455 shares during the period. Harvest Portfolios Group Inc.’s holdings in Toronto Dominion Bank were worth $14,723,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after acquiring an additional 2,552,603 shares in the last quarter. TD Asset Management Inc increased its holdings in Toronto Dominion Bank by 0.7% in the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after purchasing an additional 246,999 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Toronto Dominion Bank by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after purchasing an additional 101,678 shares in the last quarter. Norges Bank bought a new stake in shares of Toronto Dominion Bank during the second quarter worth about $1,543,639,000. Finally, Geode Capital Management LLC increased its stake in shares of Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock valued at $1,053,292,000 after buying an additional 2,366,324 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. 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 Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Get Our Latest Stock Analysis on TD

Toronto Dominion Bank News Roundup

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Stock Performance

TD stock opened at $97.31 on Friday. The stock has a 50-day moving average price of $95.09 and a 200-day moving average price of $85.55. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $162.63 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.28% and a net margin of 17.52%.The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.02 EPS. As a group, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently declared 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. This represents a $4.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.70%.

About Toronto Dominion Bank

(Free Report)

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.

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

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