Toronto Dominion Bank (The) $TD is Portland Investment Counsel Inc.’s 5th Largest Position

Portland Investment Counsel Inc. trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 25.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 281,700 shares of the bank’s stock after selling 98,400 shares during the period. Toronto Dominion Bank comprises about 6.1% of Portland Investment Counsel Inc.’s investment portfolio, making the stock its 5th biggest position. Portland Investment Counsel Inc.’s holdings in Toronto Dominion Bank were worth $22,525,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Chesapeake Capital Corp IL bought a new position in shares of Toronto Dominion Bank in the 3rd quarter worth approximately $804,000. Glenmede Investment Management LP grew its position in Toronto Dominion Bank by 6.4% during the third quarter. Glenmede Investment Management LP now owns 10,022 shares of the bank’s stock valued at $801,000 after buying an additional 599 shares during the period. Pathstone Holdings LLC grew its position in Toronto Dominion Bank by 2.2% during the third quarter. Pathstone Holdings LLC now owns 21,337 shares of the bank’s stock valued at $1,706,000 after buying an additional 451 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Toronto Dominion Bank by 8.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,970,098 shares of the bank’s stock valued at $317,378,000 after buying an additional 313,951 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in Toronto Dominion Bank by 13.9% during the third quarter. Vise Technologies Inc. now owns 29,106 shares of the bank’s stock valued at $2,327,000 after buying an additional 3,547 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $93.22 on Friday. The company has a market capitalization of $155.80 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.07 and a beta of 0.66. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84. The firm’s 50 day simple moving average is $95.48 and its two-hundred day simple moving average is $87.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05.

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, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.02 earnings per share. Research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

About Toronto Dominion Bank

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.