Heathbridge Capital Management Ltd. Has $17.82 Million Stake in Toronto Dominion Bank (The) (NYSE:TD)

Heathbridge Capital Management Ltd. lessened its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 297,050 shares of the bank's stock after selling 5,150 shares during the period. Toronto Dominion Bank accounts for 7.2% of Heathbridge Capital Management Ltd.'s holdings, making the stock its 4th biggest holding. Heathbridge Capital Management Ltd.'s holdings in Toronto Dominion Bank were worth $17,818,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TD. Larson Financial Group LLC lifted its holdings in Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after buying an additional 236 shares during the period. Lee Danner & Bass Inc. acquired a new position in Toronto Dominion Bank in the fourth quarter valued at $27,000. Financial Management Professionals Inc. lifted its holdings in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after buying an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in Toronto Dominion Bank in the first quarter valued at $32,000. Finally, CoreCap Advisors LLC lifted its holdings in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 0.7%

TD traded up $0.55 during midday trading on Wednesday, hitting $74.00. The company had a trading volume of 1,279,679 shares, compared to its average volume of 2,277,921. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.12. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $127.31 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.67 and a beta of 0.83. The stock's 50 day moving average price is $69.74 and its 200 day moving average price is $62.49.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the previous year, the firm posted $2.04 earnings per share. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share 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. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.09%. Toronto Dominion Bank's payout ratio is presently 45.31%.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. Scotiabank initiated coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank 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.