The Toronto-Dominion Bank (NYSE:TD) is Alberta Investment Management Corp's 5th Largest Position

Alberta Investment Management Corp decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,497,998 shares of the bank's stock after selling 170,721 shares during the quarter. Toronto-Dominion Bank accounts for about 1.6% of Alberta Investment Management Corp's holdings, making the stock its 5th biggest position. Alberta Investment Management Corp owned about 0.26% of Toronto-Dominion Bank worth $239,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Holdings LLC grew its holdings in Toronto-Dominion Bank by 0.8% during 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 during the last quarter. Passumpsic Savings Bank boosted its stake in shares of Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after acquiring an additional 194 shares during the last quarter. Versant Capital Management Inc increased its position in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Cardinal Capital Management raised its stake in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after purchasing an additional 205 shares during the last quarter. Finally, Dunhill Financial LLC lifted its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TD shares. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday. Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Finally, StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 0.9 %

TD traded down $0.54 on Friday, reaching $59.82. 962,258 shares of the company's stock were exchanged, compared to its average volume of 2,661,515. The company 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 company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company's 50 day moving average is $55.91 and its 200-day 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 paid a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase 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.