Fiera Capital Corp Sells 1,864,459 Shares of The Toronto-Dominion Bank (NYSE:TD)

Fiera Capital Corp decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,961,047 shares of the bank's stock after selling 1,864,459 shares during the period. Fiera Capital Corp owned approximately 0.23% of Toronto-Dominion Bank worth $210,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares during the period. Versant Capital Management Inc increased its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $58,000. Morse Asset Management Inc purchased a new stake in Toronto-Dominion Bank during the 3rd quarter valued at about $63,000. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank during the 3rd quarter worth approximately $66,000. Institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. StockNews.com upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Down 0.3 %

Toronto-Dominion Bank stock traded down $0.17 during trading hours on Friday, hitting $59.76. 1,148,804 shares of the stock traded hands, compared to its average volume of 2,494,237. The company has a market cap of $104.62 billion, a PE ratio of 17.22, a PEG ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm's 50-day moving average price is $55.36 and its two-hundred day moving average price is $57.45. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. The ex-dividend date was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.01%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 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.