Toronto Dominion Bank (The) $TD Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,201,500 shares of the bank’s stock after buying an additional 34,921 shares during the quarter. Toronto Dominion Bank makes up about 3.1% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Hillsdale Investment Management Inc.’s holdings in Toronto Dominion Bank were worth $112,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Bayban acquired a new position in shares of Toronto Dominion Bank in the 4th quarter worth approximately $28,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares during the period. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Toronto Dominion Bank during the fourth quarter worth $34,000. Brown Lisle Cummings Inc. lifted its position in shares of Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after buying an additional 191 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TD shares. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Get Our Latest Stock Report on Toronto Dominion Bank

Toronto Dominion Bank Trading Up 0.0%

Shares of TD stock opened at $120.58 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a 1 year low of $72.21 and a 1 year high of $122.65. The stock has a fifty day moving average of $114.70 and a two-hundred day moving average of $103.04. The firm has a market capitalization of $199.26 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.34 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.11. The company had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 earnings per share. As a group, research analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is currently 49.14%.

About Toronto Dominion Bank

(Free Report)

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.

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

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