QV Investors Inc. Has $30.66 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

QV Investors Inc. lowered its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,217 shares of the bank's stock after selling 289,010 shares during the quarter. Toronto-Dominion Bank makes up approximately 3.2% of QV Investors Inc.'s holdings, making the stock its 7th biggest position. QV Investors Inc.'s holdings in Toronto-Dominion Bank were worth $30,662,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in shares of Toronto-Dominion Bank by 0.8% in the second quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank's stock worth $1,429,186,000 after buying an additional 218,807 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Toronto-Dominion Bank by 6.0% in the 2nd 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 last quarter. CIBC Asset Management Inc boosted its position in Toronto-Dominion Bank by 5.4% during the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock worth $1,046,825,000 after purchasing an additional 853,313 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Toronto-Dominion Bank by 9.6% during 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 purchasing an additional 1,206,574 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on TD. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, December 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Trading Up 0.4 %

Toronto-Dominion Bank stock traded up $0.19 during midday trading on Monday, hitting $54.38. 2,353,702 shares of the stock were exchanged, compared to its average volume of 3,754,427. The stock has a market capitalization of $95.18 billion, a PE ratio of 15.67, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a fifty day simple moving average of $54.55 and a two-hundred day simple moving average of $57.33. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.7482 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.50%. Toronto-Dominion Bank's payout ratio is currently 83.86%.

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.