Toronto Dominion Bank (The) $TD Stake Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 63.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,087,695 shares of the bank’s stock after buying an additional 422,313 shares during the quarter. Toronto Dominion Bank makes up 2.6% of Hillsdale Investment Management Inc.’s holdings, making the stock its 3rd largest holding. Hillsdale Investment Management Inc.’s holdings in Toronto Dominion Bank were worth $86,951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new stake in shares of Toronto Dominion Bank during the third quarter valued at approximately $30,000. Quaker Wealth Management LLC grew its holdings in shares of 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Toronto Dominion Bank during the second quarter valued at approximately $32,000. Finally, Sachetta LLC purchased a new position in Toronto Dominion Bank in the 3rd quarter worth approximately $33,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $96.99 on Friday. The firm has a market capitalization of $162.09 billion, a P/E ratio of 11.50, a PEG ratio of 1.28 and a beta of 0.67. 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 has a one year low of $54.87 and a one year high of $99.04. The business has a fifty day moving average of $94.61 and a 200 day moving average of $84.73.

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 analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.Toronto Dominion Bank’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. As a group, sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. Toronto Dominion Bank’s payout ratio is 37.37%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TD. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.