Dixon Mitchell Investment Counsel Inc. Has $151.24 Million Stock Position in Toronto Dominion Bank (The) $TD

Dixon Mitchell Investment Counsel Inc. trimmed its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,602,059 shares of the bank’s stock after selling 48,924 shares during the quarter. Toronto Dominion Bank accounts for approximately 5.0% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 4th largest holding. Dixon Mitchell Investment Counsel Inc. owned approximately 0.10% of Toronto Dominion Bank worth $151,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AFT Forsyth & Company Inc. bought a new stake in shares of Toronto Dominion Bank during the fourth quarter worth $231,000. Aigen Investment Management LP bought a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at about $762,000. Atlas Capital Advisors Inc. bought a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at about $226,000. Kestra Advisory Services LLC raised its holdings in shares of Toronto Dominion Bank by 5.7% in the fourth quarter. Kestra Advisory Services LLC now owns 19,564 shares of the bank’s stock valued at $1,843,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 13.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,518 shares of the bank’s stock valued at $331,000 after acquiring an additional 407 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $117.32 on Friday. The business’s 50-day moving average is $107.43 and its two-hundred day moving average is $98.32. Toronto Dominion Bank has a 1 year low of $70.09 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $193.87 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.8%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TD shares. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $156.00.

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.