Harvest Portfolios Group Inc. Sells 5,634 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Harvest Portfolios Group Inc. has reduced its stake in Toronto Dominion Bank by 10%, selling 5,634 shares, leaving them with 50,590 shares valued at approximately $3.03 million.
• Several institutional investors have made significant changes to their holdings in Toronto Dominion Bank, with ICONIQ Capital LLC increasing its shares by 42.4% during the first quarter.
• Analysts' ratings for Toronto Dominion Bank vary, with most assigning a Hold rating and a consensus price target of $93.00, indicating potential for upward movement.

Harvest Portfolios Group Inc. lessened its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 10.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,590 shares of the bank's stock after selling 5,634 shares during the period. Harvest Portfolios Group Inc.'s holdings in Toronto Dominion Bank were worth $3,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Balanced Rock Investment Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 1.1% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after purchasing an additional 163 shares during the last quarter. MFA Wealth Services raised its position in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after buying an additional 179 shares in the last quarter. Hexagon Capital Partners LLC raised its position in shares of Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after buying an additional 190 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Toronto Dominion Bank by 6.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after buying an additional 194 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Toronto Dominion Bank by 14.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after buying an additional 202 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Trading Down 4.3%

Toronto Dominion Bank stock traded down $3.28 during midday trading on Thursday, reaching $72.86. The stock had a trading volume of 6,170,447 shares, compared to its average volume of 1,772,648. 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 $51.25 and a 52-week high of $78.95. The firm has a market cap of $124.97 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.84. The company has a fifty day moving average of $73.70 and a 200 day moving average of $66.40.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $1.05 dividend. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.8%. Toronto Dominion Bank's dividend payout ratio is currently 45.31%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.