Intact Investment Management Inc. increased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,049,215 shares of the bank's stock after purchasing an additional 500,081 shares during the period. Toronto-Dominion Bank makes up 5.7% of Intact Investment Management Inc.'s holdings, making the stock its largest position. Intact Investment Management Inc. owned approximately 0.17% of Toronto-Dominion Bank worth $162,318,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its stake 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 during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $32,000. Versant Capital Management Inc lifted its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $51,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $58,000. 52.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on TD shares. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus target price of $80.50.
View Our Latest Research Report on TD
Toronto-Dominion Bank Stock Down 0.1 %
Shares of NYSE:TD traded down $0.08 during midday trading on Tuesday, hitting $59.67. 983,816 shares of the company's stock were exchanged, compared to its average volume of 2,427,223. 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 stock has a 50 day moving average price of $58.02 and a 200-day moving average price of $57.61. The company has a market cap of $104.55 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.95 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.
Toronto-Dominion Bank Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.
Toronto-Dominion Bank Profile
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Free Report)
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.
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