Toronto Dominion Bank (The) $TD Holdings Trimmed by Canoe Financial LP

Canoe Financial LP lowered its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 843,946 shares of the bank’s stock after selling 8,227 shares during the period. Canoe Financial LP’s holdings in Toronto Dominion Bank were worth $67,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TD. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after buying an additional 856 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Richardson Financial Services Inc. acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at about $34,000. Tobam increased its holdings in shares of Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after purchasing an additional 151 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Toronto Dominion Bank in the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the topic of a number of research analyst reports. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Finally, Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Up 0.2%

TD stock opened at $94.29 on Friday. The firm has a market cap of $159.30 billion, a PE ratio of 11.18, a PEG ratio of 1.32 and a beta of 0.69. Toronto Dominion Bank has a 1 year low of $52.63 and a 1 year high of $94.83. The company has a fifty day simple moving average of $84.88 and a 200 day simple moving average of $78.47. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results 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 company had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same period last year, the company earned $1.72 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be issued a $1.08 dividend. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. This represents a $4.32 annualized dividend and a yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio is presently 35.82%.

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.