Dixon Mitchell Investment Counsel Inc. Acquires 6,515 Shares of Toronto Dominion Bank (The) $TD

Dixon Mitchell Investment Counsel Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,650,983 shares of the bank’s stock after buying an additional 6,515 shares during the quarter. Toronto Dominion Bank accounts for about 4.7% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 4th biggest position. Dixon Mitchell Investment Counsel Inc. owned approximately 0.10% of Toronto Dominion Bank worth $132,087,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TD. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank during the third quarter valued at $27,000. Mather Group LLC. purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth about $30,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank in the 3rd quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank in the second quarter worth approximately $32,000. Finally, Tobam raised its position in 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 acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $95.34 on Tuesday. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.84. The company has a market cap of $159.34 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.09 and a beta of 0.66. The business’s 50 day moving average is $95.45 and its two-hundred day moving average is $86.70. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be paid a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TD shares. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, March 2nd. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

About Toronto Dominion Bank

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.