DORCHESTER WEALTH MANAGEMENT Co decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,577 shares of the company’s stock after selling 4,962 shares during the period. The Toronto-Dominion Bank accounts for approximately 4.7% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 3rd largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in The Toronto-Dominion Bank were worth $12,502,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ngam Advisors L.P. increased its stake in shares of The Toronto-Dominion Bank by 5.6% in the first quarter. Ngam Advisors L.P. now owns 46,579 shares of the company’s stock valued at $2,009,000 after buying an additional 2,456 shares in the last quarter. M&T Bank Corp increased its stake in shares of The Toronto-Dominion Bank by 3.8% in the first quarter. M&T Bank Corp now owns 15,529 shares of the company’s stock valued at $669,000 after buying an additional 565 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of The Toronto-Dominion Bank by 436.1% in the first quarter. Canada Pension Plan Investment Board now owns 227,910 shares of the company’s stock valued at $9,878,000 after buying an additional 185,400 shares during the last quarter. BB&T Securities LLC boosted its position in shares of The Toronto-Dominion Bank by 1,080.5% in the first quarter. BB&T Securities LLC now owns 73,414 shares of the company’s stock valued at $3,166,000 after buying an additional 67,195 shares during the last quarter. Finally, Stockman Asset Management boosted its position in shares of The Toronto-Dominion Bank by 3.9% in the first quarter. Stockman Asset Management now owns 5,350 shares of the company’s stock valued at $231,000 after buying an additional 200 shares during the last quarter. Institutional investors own 51.77% of the company’s stock.

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

Shares of The Toronto-Dominion Bank (NYSE:TD) traded up 0.43% during midday trading on Monday, hitting $44.54. 1,274,122 shares of the company’s stock traded hands. The Toronto-Dominion Bank has a 1-year low of $33.49 and a 1-year high of $45.98. The company has a 50 day moving average price of $44.24 and a 200 day moving average price of $43.69. The firm has a market capitalization of $82.61 billion, a price-to-earnings ratio of 13.29 and a beta of 0.95.

The Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.06. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The company had revenue of $8.70 billion for the quarter. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts anticipate that The Toronto-Dominion Bank will post $3.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 7th will be issued a dividend of $0.4249 per share. This is an increase from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 5th. This represents a $1.70 annualized dividend and a dividend yield of 3.82%. The Toronto-Dominion Bank’s payout ratio is presently 49.85%.

Several brokerages have recently commented on TD. Bank of America Corp. reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research report on Tuesday, July 12th. Barclays PLC reaffirmed an “underweight” rating and set a $55.00 price target (up previously from $51.00) on shares of The Toronto-Dominion Bank in a research report on Sunday, August 21st. Citigroup Inc. increased their price target on shares of The Toronto-Dominion Bank from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, September 14th. CIBC cut shares of The Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, August 26th. Finally, Canaccord Genuity cut shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The Toronto-Dominion Bank currently has a consensus rating of “Buy” and an average price target of $56.88.

The Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.

5 Day Chart for NYSE:TD

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