The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 29.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 441,602 shares of the bank’s stock after buying an additional 99,600 shares during the period. Toronto-Dominion Bank comprises about 2.6% of Nicola Wealth Management LTD.’s portfolio, making the stock its 4th largest holding. Nicola Wealth Management LTD.’s holdings in Toronto-Dominion Bank were worth $27,936,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new position in shares of Toronto-Dominion Bank in the second quarter worth about $31,000. Blue Trust Inc. raised its holdings in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after acquiring an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank in the 2nd quarter worth approximately $49,000. BOKF NA boosted its holdings in shares of Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after purchasing an additional 680 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $66,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the topic of a number of recent research reports. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, eight 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 has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of TD traded up $0.42 during trading on Thursday, reaching $56.50. 215,053 shares of the company traded hands, compared to its average volume of 2,754,946. The stock has a 50-day simple moving average of $59.63 and a 200-day simple moving average of $57.78. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The stock has a market cap of $98.79 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.8 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.739 dividend. This represents a $2.96 annualized dividend and a yield of 5.23%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

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.