Hillsdale Investment Management Inc. Has $86.95 Million Holdings in Toronto Dominion Bank (The) $TD

Hillsdale Investment Management Inc. raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 63.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,087,695 shares of the bank’s stock after buying an additional 422,313 shares during the period. Toronto Dominion Bank comprises about 2.6% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Hillsdale Investment Management Inc. owned approximately 0.06% of Toronto Dominion Bank worth $86,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TD. Bridgewater Advisors Inc. raised its stake in shares of Toronto Dominion Bank by 1.9% during the third quarter. Bridgewater Advisors Inc. now owns 11,204 shares of the bank’s stock valued at $901,000 after acquiring an additional 210 shares during the last quarter. Compass Wealth Management LLC purchased a new position in Toronto Dominion Bank during the 3rd quarter valued at about $1,735,000. Cumberland Partners Ltd raised its position in Toronto Dominion Bank by 8.6% during the 3rd quarter. Cumberland Partners Ltd now owns 109,173 shares of the bank’s stock valued at $8,727,000 after purchasing an additional 8,615 shares during the last quarter. Essex Financial Services Inc. raised its position in Toronto Dominion Bank by 1.8% during the 3rd quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock valued at $626,000 after purchasing an additional 139 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in Toronto Dominion Bank by 3.1% in the 3rd quarter. Syon Capital LLC now owns 14,788 shares of the bank’s stock worth $1,182,000 after buying an additional 451 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TD. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $96.99 on Friday. The company’s fifty day moving average price is $94.61 and its 200-day moving average price is $84.73. The stock has a market cap of $162.09 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. Toronto Dominion Bank’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $1.72 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is presently 37.37%.

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.