The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,966 shares of the bank’s stock after acquiring an additional 34,064 shares during the quarter. Toronto-Dominion Bank accounts for about 2.5% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 7th largest holding. K.J. Harrison & Partners Inc’s holdings in Toronto-Dominion Bank were worth $14,563,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TD. Connecticut Wealth Management LLC boosted its position in Toronto-Dominion Bank by 10.1% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,609 shares of the bank’s stock worth $217,000 after acquiring an additional 332 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Toronto-Dominion Bank by 4.2% during the 3rd quarter. Ballentine Partners LLC now owns 10,805 shares of the bank’s stock valued at $651,000 after buying an additional 431 shares during the last quarter. Clarius Group LLC lifted its holdings in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. Clarius Group LLC now owns 4,098 shares of the bank’s stock valued at $247,000 after buying an additional 817 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 6.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,821 shares of the bank’s stock valued at $230,000 after buying an additional 243 shares during the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of Toronto-Dominion Bank by 18.3% during the 3rd quarter. PDS Planning Inc now owns 5,978 shares of the bank’s stock valued at $360,000 after buying an additional 924 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.27 on Friday, reaching $59.38. 2,167,512 shares of the stock traded hands, compared to its average volume of 2,982,397. The firm has a market cap of $104.70 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15. The stock’s 50-day moving average price is $59.35 and its 200-day moving average price is $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Equities analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.07%. Toronto-Dominion Bank’s payout ratio is currently 30.56%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating on the stock. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays assumed coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $89.33.

About Toronto-Dominion Bank

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.