DORCHESTER WEALTH MANAGEMENT Co Has $18.87 Million Position in The Toronto-Dominion Bank (NYSE:TD)

DORCHESTER WEALTH MANAGEMENT Co lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,046 shares of the bank’s stock after selling 905 shares during the period. Toronto-Dominion Bank makes up approximately 3.3% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 2nd largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Toronto-Dominion Bank were worth $18,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Toronto-Dominion Bank during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new stake in Toronto-Dominion Bank in the 2nd quarter worth approximately $31,000. Blue Trust Inc. grew its position in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares during the period. Kimelman & Baird LLC bought a new stake in Toronto-Dominion Bank in the 2nd quarter worth approximately $49,000. Finally, BOKF NA grew its position in Toronto-Dominion Bank by 203.6% in 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 period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. UBS Group started coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded down $0.33 during mid-day trading on Thursday, reaching $56.40. 261,214 shares of the company traded hands, compared to its average volume of 2,806,465. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The company has a market capitalization of $98.62 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. The firm’s fifty day moving average is $60.61 and its two-hundred day moving average is $57.98.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly 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 net margin of 6.94% and a return on equity of 14.34%. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the prior year, the business posted $1.48 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.82 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.24%. Toronto-Dominion Bank’s payout ratio is 96.49%.

Toronto-Dominion Bank Company 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.