The Toronto-Dominion Bank (NYSE:TD) is Heathbridge Capital Management Ltd.’s 7th Largest Position

Heathbridge Capital Management Ltd. lowered its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,780 shares of the bank’s stock after selling 22,150 shares during the quarter. Toronto-Dominion Bank makes up 5.9% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 7th largest position. Heathbridge Capital Management Ltd.’s holdings in Toronto-Dominion Bank were worth $13,998,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Toronto-Dominion Bank by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank’s stock worth $132,141,000 after purchasing an additional 130,801 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of Toronto-Dominion Bank by 2.7% during the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,388,528 shares of the bank’s stock valued at $83,881,000 after acquiring an additional 37,002 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Toronto-Dominion Bank in the first quarter valued at approximately $6,454,000. FORA Capital LLC acquired a new stake in shares of Toronto-Dominion Bank in the first quarter worth approximately $4,025,000. Finally, V Square Quantitative Management LLC increased its position in shares of Toronto-Dominion Bank by 5,032.5% during the fourth quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock worth $1,022,000 after purchasing an additional 15,500 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TD. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. BMO Capital Markets decreased their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. UBS Group began coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating on the stock. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Up 1.0 %

TD stock opened at $61.71 on Thursday. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The firm has a market cap of $107.89 billion, a PE ratio of 14.03, a PEG ratio of 1.76 and a beta of 0.81. The firm’s 50 day moving average price is $58.22 and its 200-day moving average price is $57.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. The company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 4.79%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 67.73%.

About Toronto-Dominion Bank

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.