Harvest Portfolios Group Inc. Has $23.75 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Harvest Portfolios Group Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,979 shares of the bank’s stock after buying an additional 67,846 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Toronto Dominion Bank were worth $23,748,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TD. AQR Capital Management LLC acquired a new position in Toronto Dominion Bank in the 1st quarter valued at approximately $568,000. Focus Partners Wealth increased its stake in Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after buying an additional 5,410 shares during the period. Sivia Capital Partners LLC bought a new stake in Toronto Dominion Bank in the second quarter worth approximately $259,000. Cresset Asset Management LLC bought a new stake in Toronto Dominion Bank in the second quarter worth approximately $211,000. Finally, NewEdge Advisors LLC grew its position in Toronto Dominion Bank by 25.3% in the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock worth $590,000 after acquiring an additional 1,622 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

NYSE TD opened at $107.90 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $100.51 and a 200 day simple moving average of $94.42. The company has a market cap of $178.70 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.23 and a beta of 0.71. Toronto Dominion Bank has a 1 year low of $64.44 and a 1 year high of $109.22.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. On average, sell-side analysts predict that Toronto Dominion Bank will post 6.91 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.36%.

Wall Street Analyst Weigh In

TD has been the subject of several recent research reports. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.