Toronto Dominion Bank (The) $TD Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. lifted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 566,193 shares of the bank’s stock after buying an additional 17,478 shares during the quarter. Toronto Dominion Bank makes up 2.6% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 9th largest holding. Cidel Asset Management Inc.’s holdings in Toronto Dominion Bank were worth $45,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TD. True Wealth Design LLC acquired a new position in Toronto Dominion Bank in the 3rd quarter valued at about $27,000. Mather Group LLC. acquired a new position in shares of Toronto Dominion Bank in the third quarter valued at approximately $30,000. Quaker Wealth Management LLC increased its stake in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank in the second quarter worth $32,000. Finally, Sachetta LLC purchased a new stake in shares of Toronto Dominion Bank during the third quarter worth $33,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $95.33 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $99.04. The firm’s 50 day moving average is $94.06 and its two-hundred day moving average is $84.01. The firm has a market capitalization of $159.32 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.31 and a beta of 0.67.

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

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, January 9th. 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 4.5%. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

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.