The Toronto-Dominion Bank (NYSE:TD) is Dixon Mitchell Investment Counsel Inc.’s 7th Largest Position

Dixon Mitchell Investment Counsel Inc. raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,452,493 shares of the bank’s stock after purchasing an additional 62,569 shares during the period. Toronto-Dominion Bank accounts for about 4.2% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 7th largest position. Dixon Mitchell Investment Counsel Inc. owned 0.08% of Toronto-Dominion Bank worth $91,948,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Williams Financial LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth $10,454,000. Intech Investment Management LLC bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at about $6,454,000. FORA Capital LLC purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth approximately $4,025,000. PNC Financial Services Group Inc. raised its stake in shares of Toronto-Dominion Bank by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,087 shares of the bank’s stock worth $2,720,000 after acquiring an additional 5,607 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Toronto-Dominion Bank by 173.2% during the first quarter. Cetera Investment Advisers now owns 74,887 shares of the bank’s stock valued at $4,522,000 after acquiring an additional 47,477 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.1 %

Toronto-Dominion Bank stock opened at $56.36 on Friday. 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 cap of $98.47 billion, a PE ratio of 12.81, a PEG ratio of 1.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $60.65 and its two-hundred day simple moving average is $58.05.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 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 firm 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 firm earned $1.48 earnings per share. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts anticipate that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.25%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 68.41%.

Wall Street Analyst Weigh In

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

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.