Toronto Dominion Bank (The) $TD Holdings Decreased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,602,059 shares of the bank’s stock after selling 48,924 shares during the period. Toronto Dominion Bank makes up approximately 5.0% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 4th largest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Toronto Dominion Bank were worth $151,244,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Main Line Retirement Advisors LLC grew its stake in shares of Toronto Dominion Bank by 0.9% during the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after acquiring an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after acquiring an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after acquiring an additional 122 shares during the last quarter. Commons Capital LLC grew its stake in shares of Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after acquiring an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Toronto Dominion Bank by 4.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TD shares. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings lowered Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Trading Up 0.9%

Shares of NYSE:TD opened at $117.32 on Friday. Toronto Dominion Bank has a 12-month low of $70.09 and a 12-month high of $117.95. The company has a market capitalization of $193.87 billion, a PE ratio of 18.30, a PEG ratio of 1.30 and a beta of 0.72. The business has a 50 day moving average of $107.43 and a two-hundred day moving average of $98.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the company posted $1.97 earnings per share. Toronto Dominion Bank’s revenue for the quarter was down 31.1% on a year-over-year basis. As a group, analysts forecast that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

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.