Harvest Portfolios Group Inc. Has $2.87 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Harvest Portfolios Group Inc. decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 45,353 shares of the bank’s stock after selling 3,017 shares during the period. Harvest Portfolios Group Inc.’s holdings in Toronto-Dominion Bank were worth $2,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Triad Wealth Partners LLC bought a new position in Toronto-Dominion Bank in the second quarter worth approximately $31,000. Blue Trust Inc. grew its position in Toronto-Dominion Bank by 50.7% during the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after buying an additional 212 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth approximately $49,000. BOKF NA lifted its position 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 valued at $61,000 after buying an additional 680 shares during the last quarter. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $55.94 on Wednesday. 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 one year low of $53.52 and a one year high of $65.12. The firm has a market capitalization of $97.81 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.57 and a beta of 0.82. The company has a 50-day simple moving average of $59.98 and a two-hundred day simple moving average of $57.87.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the business earned $1.48 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.8 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TD shares. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.