DORCHESTER WEALTH MANAGEMENT Co Has $15.95 Million Holdings in Toronto Dominion Bank (The) (TD)

DORCHESTER WEALTH MANAGEMENT Co cut its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,660 shares of the bank’s stock after selling 3,744 shares during the quarter. Toronto Dominion Bank comprises approximately 5.0% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 3rd largest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Toronto Dominion Bank were worth $15,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heritage Way Advisors LLC acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth about $589,000. Acadian Asset Management LLC increased its stake in shares of Toronto Dominion Bank by 4.2% during the fourth quarter. Acadian Asset Management LLC now owns 8,659,749 shares of the bank’s stock worth $509,037,000 after acquiring an additional 350,373 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Toronto Dominion Bank by 23.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,008 shares of the bank’s stock worth $352,000 after acquiring an additional 1,158 shares during the period. Coastline Trust Co increased its stake in shares of Toronto Dominion Bank by 1.1% during the fourth quarter. Coastline Trust Co now owns 96,975 shares of the bank’s stock worth $5,681,000 after acquiring an additional 1,020 shares during the period. Finally, Marathon Asset Management LLP increased its stake in shares of Toronto Dominion Bank by 0.4% during the fourth quarter. Marathon Asset Management LLP now owns 490,396 shares of the bank’s stock worth $28,827,000 after acquiring an additional 2,101 shares during the period. Institutional investors own 48.76% of the company’s stock.

A number of brokerages have recently issued reports on TD. Zacks Investment Research upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Scotiabank reiterated a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Canaccord Genuity reiterated a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Finally, Macquarie initiated coverage on shares of Toronto Dominion Bank in a research note on Tuesday, October 24th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $72.50.

Toronto Dominion Bank (NYSE:TD) traded up $0.21 during mid-day trading on Thursday, reaching $59.37. 893,643 shares of the company were exchanged, compared to its average volume of 1,010,000. The stock has a market capitalization of $109,270.00, a P/E ratio of 13.43, a P/E/G ratio of 1.60 and a beta of 0.90. Toronto Dominion Bank has a 52-week low of $45.18 and a 52-week high of $60.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, November 30th. The bank reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.02). Toronto Dominion Bank had a return on equity of 15.17% and a net margin of 23.09%. analysts predict that Toronto Dominion Bank will post 4.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. This represents a $1.86 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 42.31%.

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About Toronto Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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