Heathbridge Capital Management Ltd. Sells 1,200 Shares of The Toronto-Dominion Bank (NYSE:TD)

Heathbridge Capital Management Ltd. reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,580 shares of the bank’s stock after selling 1,200 shares during the quarter. Toronto-Dominion Bank comprises approximately 6.1% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 7th biggest position. Heathbridge Capital Management Ltd.’s holdings in Toronto-Dominion Bank were worth $16,034,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. National Bank of Canada FI grew its position in Toronto-Dominion Bank by 6.2% during the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after purchasing an additional 1,736,931 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Toronto-Dominion Bank by 0.8% during the second quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock worth $1,429,186,000 after buying an additional 218,807 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Toronto-Dominion Bank by 9.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock valued at $759,449,000 after acquiring an additional 1,206,574 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Toronto-Dominion Bank by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock valued at $653,194,000 after acquiring an additional 358,283 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.1 %

TD stock opened at $56.42 on Friday. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $98.65 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.65 and a beta of 0.81. The company’s 50-day moving average price is $60.66 and its 200 day moving average price is $58.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. On average, research analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.739 dividend. 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%.

Analyst Ratings Changes

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

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.