The Toronto-Dominion Bank (NYSE:TD) Stock Position Raised by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. raised its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,442 shares of the bank's stock after purchasing an additional 8,074 shares during the quarter. Toronto-Dominion Bank comprises approximately 2.3% of Lorne Steinberg Wealth Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Lorne Steinberg Wealth Management Inc.'s holdings in Toronto-Dominion Bank were worth $7,842,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC grew its position in Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock valued at $1,411,000 after buying an additional 184 shares in the last quarter. Passumpsic Savings Bank lifted its stake in shares of Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after acquiring an additional 194 shares during the period. Versant Capital Management Inc boosted 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 valued at $37,000 after acquiring an additional 200 shares in the last quarter. Cardinal Capital Management increased its stake in shares of Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after acquiring an additional 205 shares during the period. Finally, Dunhill Financial LLC raised its holdings in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.9 %

Toronto-Dominion Bank stock traded down $0.54 during midday trading on Friday, reaching $59.82. The stock had a trading volume of 1,018,996 shares, compared to its average volume of 2,672,406. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $104.71 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.94 and a beta of 0.84. The firm's fifty day simple moving average is $55.91 and its two-hundred day simple moving average is $57.51.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.7482 dividend. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. Toronto-Dominion Bank's dividend payout ratio is currently 83.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TD. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada cut their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price of $80.50.

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.