6,076 Shares in Toronto Dominion Bank (The) $TD Bought by Bar Harbor Wealth Management

Bar Harbor Wealth Management purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,076 shares of the bank’s stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Toronto Dominion Bank in the second quarter valued at $1,543,639,000. Goldman Sachs Group Inc. raised its holdings in shares of Toronto Dominion Bank by 93.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after acquiring an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after acquiring an additional 4,853,498 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Toronto Dominion Bank by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock valued at $630,746,000 after acquiring an additional 4,729,657 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Toronto Dominion Bank during the 2nd quarter valued at about $267,475,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.2%

Shares of TD stock opened at $94.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $159.30 billion, a P/E ratio of 11.18, a PEG ratio of 1.32 and a beta of 0.69. The company has a 50 day moving average of $84.88 and a 200-day moving average of $78.47. Toronto Dominion Bank has a 12-month low of $52.63 and a 12-month high of $94.83.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. During the same period in the prior year, the company earned $1.72 earnings per share. Toronto Dominion Bank’s revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current 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 dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several brokerages have recently commented on TD. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank 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.