Toronto Dominion Bank (The) $TD Shares Sold by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 249,550 shares of the bank’s stock after selling 45,250 shares during the period. Toronto Dominion Bank comprises approximately 7.7% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 4th largest position. Heathbridge Capital Management Ltd.’s holdings in Toronto Dominion Bank were worth $19,942,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Quaker Wealth Management LLC grew its position in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Toronto Dominion Bank in the second quarter valued at $32,000. Richardson Financial Services Inc. acquired a new stake in shares of Toronto Dominion Bank in the second quarter worth $34,000. Tobam grew its holdings in shares of Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.2%

Shares of Toronto Dominion Bank stock opened at $94.29 on Thursday. The firm has a market cap of $159.30 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.31 and a beta of 0.69. The stock has a 50-day simple moving average of $84.57 and a 200-day simple moving average of $78.35. Toronto Dominion Bank has a 52-week low of $52.63 and a 52-week high of $94.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued 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. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TD. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Finally, Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. One investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.