Hillsdale Investment Management Inc. Decreases Holdings in Toronto Dominion Bank (The) $TD

Hillsdale Investment Management Inc. lessened its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 29.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 665,382 shares of the bank’s stock after selling 281,636 shares during the period. Toronto Dominion Bank accounts for about 1.8% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Hillsdale Investment Management Inc.’s holdings in Toronto Dominion Bank were worth $48,976,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TD. Quaker Wealth Management LLC grew its stake in shares of Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares during the period. Richardson Financial Services Inc. bought a new stake in Toronto Dominion Bank during the 2nd quarter worth approximately $34,000. Tobam lifted its holdings in Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after purchasing an additional 151 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $39,000. Finally, Brentview Investment Management LLC purchased a new stake in shares of Toronto Dominion Bank in the first quarter worth $40,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.4%

Shares of TD stock opened at $81.29 on Friday. The stock has a market cap of $137.33 billion, a P/E ratio of 9.50, a PEG ratio of 1.68 and a beta of 0.79. The company’s fifty day simple moving average is $80.25 and its two-hundred day simple moving average is $74.61. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.93.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 earnings per share. Analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is presently 35.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TD. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

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.