Portland Investment Counsel Inc. Sells 82,800 Shares of Toronto Dominion Bank (The) $TD

Portland Investment Counsel Inc. lowered its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,100 shares of the bank’s stock after selling 82,800 shares during the quarter. Toronto Dominion Bank accounts for approximately 8.2% of Portland Investment Counsel Inc.’s holdings, making the stock its 4th biggest holding. Portland Investment Counsel Inc.’s holdings in Toronto Dominion Bank were worth $27,943,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Quaker Wealth Management LLC raised its stake in 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 in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Richardson Financial Services Inc. acquired a new position in Toronto Dominion Bank during the second quarter valued at approximately $34,000. Tobam grew its stake in 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 buying an additional 151 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in Toronto Dominion Bank during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 1.3%

Shares of NYSE TD opened at $83.40 on Friday. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $83.57. The firm’s 50-day simple moving average is $80.75 and its 200 day simple moving average is $75.28. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market cap of $140.91 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. On average, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

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.