Lincluden Management Ltd. Has $72.06 Million Position in Toronto Dominion Bank (The) $TD

Lincluden Management Ltd. reduced its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 906,632 shares of the bank’s stock after selling 94,507 shares during the period. Toronto Dominion Bank makes up 8.2% of Lincluden Management Ltd.’s portfolio, making the stock its largest holding. Lincluden Management Ltd. owned approximately 0.05% of Toronto Dominion Bank worth $72,064,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TD. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new position in Toronto Dominion Bank in the third quarter worth about $30,000. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank during the second quarter worth approximately $32,000. Sachetta LLC bought a new stake in Toronto Dominion Bank during the third quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC raised its position in Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Up 2.2%

TD opened at $95.25 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50 day moving average price is $95.46 and its 200-day moving average price is $87.41. Toronto Dominion Bank has a one year low of $54.87 and a one year high of $99.84. The stock has a market cap of $159.18 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.06 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same period last year, the company earned $2.02 EPS. Toronto Dominion Bank’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.81%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TD shares. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.