The Toronto-Dominion Bank (NYSE:TD) Position Boosted by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lifted its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 29.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 441,602 shares of the bank's stock after buying an additional 99,600 shares during the quarter. Toronto-Dominion Bank comprises 2.6% of Nicola Wealth Management LTD.'s portfolio, making the stock its 4th biggest holding. Nicola Wealth Management LTD.'s holdings in Toronto-Dominion Bank were worth $27,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in Toronto-Dominion Bank in the second quarter valued at approximately $31,000. Blue Trust Inc. boosted its position in shares of Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank's stock valued at $38,000 after acquiring an additional 212 shares during the period. Kimelman & Baird LLC bought a new position in shares of Toronto-Dominion Bank during the second quarter worth approximately $49,000. BOKF NA lifted its position in shares of Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank's stock valued at $61,000 after acquiring an additional 680 shares during the period. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

TD has been the subject of several recent research reports. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Thursday, August 22nd. National Bank Financial raised Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $84.00.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up $0.55 on Thursday, hitting $56.64. 1,700,029 shares of the company traded hands, compared to its average volume of 2,760,412. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $99.03 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.60 and a beta of 0.82. The firm's 50-day simple moving average is $59.63 and its 200 day simple moving average is $57.78.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Toronto-Dominion Bank's revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that The Toronto-Dominion Bank will post 5.8 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank's payout ratio is 96.49%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.