K.J. Harrison & Partners Inc Reduces Stake in Toronto Dominion Bank (The) (NYSE:TD)

K.J. Harrison & Partners Inc reduced its position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 46.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,073 shares of the bank's stock after selling 71,672 shares during the period. Toronto Dominion Bank makes up about 1.0% of K.J. Harrison & Partners Inc's investment portfolio, making the stock its 27th biggest position. K.J. Harrison & Partners Inc's holdings in Toronto Dominion Bank were worth $4,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Gold Investment Management Ltd. lifted its position in Toronto Dominion Bank by 5.0% during the first quarter. Gold Investment Management Ltd. now owns 113,463 shares of the bank's stock valued at $6,801,000 after purchasing an additional 5,382 shares in the last quarter. Philip James Wealth Mangement LLC lifted its position in Toronto Dominion Bank by 4.2% during the first quarter. Philip James Wealth Mangement LLC now owns 6,422 shares of the bank's stock valued at $385,000 after purchasing an additional 260 shares in the last quarter. Old North State Wealth Management LLC purchased a new position in Toronto Dominion Bank during the first quarter valued at $239,000. Trust Co. of Vermont lifted its position in Toronto Dominion Bank by 23.7% during the first quarter. Trust Co. of Vermont now owns 56,842 shares of the bank's stock valued at $3,407,000 after purchasing an additional 10,906 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Toronto Dominion Bank by 55.7% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,118 shares of the bank's stock valued at $69,000 after purchasing an additional 400 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada raised their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.4%

Shares of TD stock opened at $72.57 on Friday. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $73.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average price is $67.03 and its 200-day moving average price is $60.71. The stock has a market capitalization of $124.85 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.82.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same period in the previous year, the firm posted $2.04 earnings per share. Equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's payout ratio is 42.82%.

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.

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