Galibier Capital Management Ltd. Sells 14,505 Shares of The Toronto-Dominion Bank (NYSE:TD)

Galibier Capital Management Ltd. lowered its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 503,575 shares of the bank's stock after selling 14,505 shares during the quarter. Toronto-Dominion Bank comprises approximately 7.3% of Galibier Capital Management Ltd.'s portfolio, making the stock its largest holding. Galibier Capital Management Ltd.'s holdings in Toronto-Dominion Bank were worth $30,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Toronto-Dominion Bank by 1.8% in the third quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank's stock worth $4,361,876,000 after buying an additional 1,303,730 shares in the last quarter. TD Asset Management Inc raised its position in Toronto-Dominion Bank by 28.9% in the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank's stock worth $3,017,384,000 after purchasing an additional 10,415,591 shares during the period. Canoe Financial LP lifted its stake in Toronto-Dominion Bank by 2,035.4% in the fourth quarter. Canoe Financial LP now owns 42,808,439 shares of the bank's stock worth $2,766,281,000 after purchasing an additional 40,803,711 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Toronto-Dominion Bank by 0.3% during the fourth quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank's stock valued at $2,154,141,000 after buying an additional 105,772 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Toronto-Dominion Bank by 0.6% in the fourth quarter. 1832 Asset Management L.P. now owns 24,569,253 shares of the bank's stock worth $1,587,665,000 after buying an additional 149,407 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.09 during trading hours on Friday, hitting $54.96. The stock had a trading volume of 1,830,757 shares, compared to its average volume of 2,267,793. The firm has a market capitalization of $96.03 billion, a PE ratio of 12.49, a PEG ratio of 1.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $66.15. The stock has a fifty day moving average price of $56.09 and a 200 day moving average price of $58.97.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $9.90 billion. Analysts anticipate that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.39%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 68.64%.

Analysts Set New Price Targets

A number of brokerages have commented on TD. Cibc World Mkts raised Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 24th. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Thursday. Barclays initiated coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an "equal weight" rating for the company. Scotiabank raised Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, April 17th. Finally, National Bank Financial lowered Toronto-Dominion Bank from a "sector perform" rating to an "underperform" rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus price target of $88.00.

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.