Harvest Portfolios Group Inc. Purchases 67,846 Shares of Toronto Dominion Bank (The) $TD

Harvest Portfolios Group Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,979 shares of the bank’s stock after purchasing an additional 67,846 shares during the period. Harvest Portfolios Group Inc.’s holdings in Toronto Dominion Bank were worth $23,748,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Sound Income Strategies LLC boosted its holdings in Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after purchasing an additional 208 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Toronto Dominion Bank by 660.9% in the 2nd 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. Entrust Financial LLC bought a new stake in Toronto Dominion Bank in the 4th quarter valued at $55,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Toronto Dominion Bank in the 3rd quarter valued at $48,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD stock opened at $107.90 on Wednesday. Toronto Dominion Bank has a 52-week low of $64.44 and a 52-week high of $109.22. The stock has a market cap of $178.70 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.23 and a beta of 0.71. 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 firm has a fifty day moving average of $100.51 and a 200-day moving average of $94.42.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same quarter in the prior year, the company posted $2.02 EPS. The business’s revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that Toronto Dominion Bank will post 6.91 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were paid a $1.08 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio is currently 34.36%.

Toronto Dominion Bank Company 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.