Atomi Financial Group Inc. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Atomi Financial Group Inc. decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,170 shares of the bank's stock after selling 10,587 shares during the period. Atomi Financial Group Inc.'s holdings in Toronto-Dominion Bank were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock valued at $156,202,000 after purchasing an additional 1,571,700 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Toronto-Dominion Bank by 64.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock worth $143,922,000 after buying an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock valued at $1,046,825,000 after buying an additional 853,313 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a report on Friday, December 6th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded down $0.18 during trading hours on Tuesday, reaching $57.35. 1,222,618 shares of the stock traded hands, compared to its average volume of 2,995,289. The company has a market capitalization of $100.38 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The company's 50-day simple moving average is $54.59 and its two-hundred day simple moving average is $57.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.22%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is presently 84.15%.

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.