The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Lowered by Nexus Investment Management ULC

Nexus Investment Management ULC lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 743,742 shares of the bank's stock after selling 12,600 shares during the period. Toronto-Dominion Bank comprises about 4.0% of Nexus Investment Management ULC's holdings, making the stock its 5th biggest position. Nexus Investment Management ULC's holdings in Toronto-Dominion Bank were worth $39,507,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after purchasing an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the period. Quadrature Capital Ltd boosted its position 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 worth $156,202,000 after purchasing an additional 1,571,700 shares during the period. 1832 Asset Management L.P. boosted its position in Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank's stock worth $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Toronto-Dominion Bank by 9.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank's stock valued at $759,449,000 after acquiring an additional 1,206,574 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

TD has been the subject of a number of analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, December 27th. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday. 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. Finally, Royal Bank of Canada cut their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $2.17 during trading hours on Friday, hitting $57.49. 7,301,617 shares of the company's stock were exchanged, compared to its average volume of 1,972,374. The company has a market capitalization of $100.63 billion, a PE ratio of 16.57, a PEG ratio of 1.72 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The business's 50 day simple moving average is $54.48 and its 200-day simple moving average is $57.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

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 paid a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.21%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 87.03%.

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.