Louisbourg Investments Inc. Has $4.63 Million Stake in Toronto Dominion Bank (The) $TD

Louisbourg Investments Inc. reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 21.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,951 shares of the bank’s stock after selling 16,023 shares during the quarter. Louisbourg Investments Inc.’s holdings in Toronto Dominion Bank were worth $4,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Toronto Dominion Bank by 3.1% in the first quarter. American Century Companies Inc. now owns 344,422 shares of the bank’s stock valued at $20,638,000 after acquiring an additional 10,285 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Toronto Dominion Bank in the 1st quarter valued at $256,000. Northern Trust Corp boosted its holdings in shares of Toronto Dominion Bank by 16.5% in the 1st quarter. Northern Trust Corp now owns 1,331,006 shares of the bank’s stock valued at $79,780,000 after purchasing an additional 188,437 shares in the last quarter. Compound Planning Inc. increased its stake in shares of Toronto Dominion Bank by 220.6% in the 1st quarter. Compound Planning Inc. now owns 13,371 shares of the bank’s stock valued at $801,000 after purchasing an additional 9,201 shares during the last quarter. Finally, Portland Investment Counsel Inc. raised its holdings in shares of Toronto Dominion Bank by 2.3% during the 1st quarter. Portland Investment Counsel Inc. now owns 462,900 shares of the bank’s stock worth $27,738,000 after buying an additional 10,500 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TD. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Natl Bk Canada raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given 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 Stock Performance

Toronto Dominion Bank stock opened at $92.81 on Friday. The business has a 50 day moving average of $83.72 and a 200-day moving average of $77.80. The company has a market capitalization of $156.80 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.29 and a beta of 0.69. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $93.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

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

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a $1.08 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s payout ratio is presently 35.82%.

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.