K.J. Harrison & Partners Inc Has $8.16 Million Position in The Toronto-Dominion Bank (NYSE:TD)

K.J. Harrison & Partners Inc increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 33.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 153,745 shares of the bank’s stock after purchasing an additional 38,523 shares during the period. Toronto-Dominion Bank makes up approximately 1.3% of K.J. Harrison & Partners Inc’s holdings, making the stock its 16th largest position. K.J. Harrison & Partners Inc’s holdings in Toronto-Dominion Bank were worth $8,158,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pathstone Holdings LLC lifted its position in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after acquiring an additional 184 shares during the period. Passumpsic Savings Bank raised its stake in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after purchasing an additional 194 shares in the last quarter. Versant Capital Management Inc lifted its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the period. Cardinal Capital Management boosted its stake in Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after buying an additional 205 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TD shares. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 0.2 %

TD stock opened at $59.69 on Thursday. The business has a fifty day moving average price of $56.46 and a 200 day moving average price of $57.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The stock has a market capitalization of $104.59 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 83.86%.

Toronto-Dominion Bank 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.