The Toronto-Dominion Bank (NYSE:TD) is Louisbourg Investments Inc.'s 10th Largest Position

Louisbourg Investments Inc. increased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,027 shares of the bank's stock after purchasing an additional 21,814 shares during the period. Toronto-Dominion Bank makes up about 2.5% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 10th largest position. Louisbourg Investments Inc.'s holdings in Toronto-Dominion Bank were worth $10,218,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC increased its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Versant Capital Management Inc boosted its stake in Toronto-Dominion Bank by 40.0% during 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 purchased a new position in Toronto-Dominion Bank during the fourth quarter worth $58,000. Morse Asset Management Inc purchased a new position in Toronto-Dominion Bank during the third quarter worth $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank during the third quarter worth $66,000. Institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

TD has been the subject of several recent analyst reports. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 0.3 %

NYSE:TD traded down $0.17 during mid-day trading on Friday, reaching $59.76. The company's stock had a trading volume of 1,148,804 shares, compared to its average volume of 2,494,237. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock has a fifty day moving average of $55.36 and a 200-day moving average of $57.46. The firm has a market capitalization of $104.62 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. Toronto-Dominion Bank's dividend payout ratio is 84.15%.

About Toronto-Dominion Bank

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.