Harvest Portfolios Group Inc. Acquires 130,455 Shares of Toronto Dominion Bank (The) $TD

Harvest Portfolios Group Inc. boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 243.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,133 shares of the bank’s stock after purchasing an additional 130,455 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Toronto Dominion Bank were worth $14,723,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TD. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter worth about $27,000. Mather Group LLC. bought a new position in Toronto Dominion Bank in the 3rd quarter valued at about $30,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank during the third quarter worth approximately $33,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank in the second quarter valued at approximately $32,000. Finally, Tobam increased its stake in shares of Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after purchasing an additional 151 shares during the period. 52.37% of the stock is owned by institutional investors.

Key Toronto Dominion Bank News

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Trading Down 1.5%

Shares of Toronto Dominion Bank stock opened at $97.31 on Friday. The firm’s 50-day moving average price is $95.09 and its two-hundred day moving average price is $85.55. The company has a market capitalization of $162.63 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.32 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.28% and a net margin of 17.52%.The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.4%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Sunday, February 22nd. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $93.00.

View Our Latest Analysis on Toronto Dominion Bank

Toronto Dominion Bank Profile

(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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