Heathbridge Capital Management Ltd. raised its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 457,850 shares of the bank’s stock after purchasing an additional 4,100 shares during the period. Toronto-Dominion Bank makes up approximately 5.7% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 6th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Toronto-Dominion Bank were worth $27,761,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Eagle Ridge Investment Management boosted its stake in shares of Toronto-Dominion Bank by 1.1% in the 2nd quarter. Eagle Ridge Investment Management now owns 84,855 shares of the bank’s stock worth $4,910,000 after buying an additional 897 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of Toronto-Dominion Bank by 4.0% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 23,624 shares of the bank’s stock worth $1,436,000 after buying an additional 900 shares during the last quarter. First Manhattan Co. raised its holdings in shares of Toronto-Dominion Bank by 106.9% in the 3rd quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock worth $119,000 after purchasing an additional 1,018 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Toronto-Dominion Bank by 14.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,127 shares of the bank’s stock worth $528,000 after purchasing an additional 1,127 shares during the period. Finally, Resource Management LLC raised its holdings in shares of Toronto-Dominion Bank by 19.1% in the 2nd quarter. Resource Management LLC now owns 7,171 shares of the bank’s stock worth $414,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds own 47.54% of the company’s stock.
Shares of NYSE:TD traded up $0.40 during mid-day trading on Friday, reaching $55.89. The company had a trading volume of 23,441 shares, compared to its average volume of 1,597,721. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $101.58 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.05 and a beta of 0.98. Toronto-Dominion Bank has a one year low of $54.37 and a one year high of $62.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 30th. The bank reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.43. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. During the same quarter in the previous year, the firm posted $1.51 EPS. Research analysts predict that Toronto-Dominion Bank will post 4.95 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th were issued a $0.5144 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.68%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 49.06%.
A number of equities research analysts recently commented on TD shares. TheStreet raised shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a report on Tuesday, September 4th. Zacks Investment Research cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.00.
Toronto-Dominion Bank Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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