Tobam Lowers Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Tobam lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 73.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,395 shares of the bank's stock after selling 6,712 shares during the quarter. Tobam's holdings in Toronto-Dominion Bank were worth $128,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted 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 valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock valued at $380,118,000 after buying an additional 2,279,864 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Toronto-Dominion Bank by 175.5% in the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock valued at $156,202,000 after acquiring an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Toronto-Dominion Bank by 64.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock worth $143,922,000 after acquiring an additional 892,183 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake 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 acquiring an additional 853,313 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TD. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Royal Bank of Canada dropped 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 note on Friday, December 6th. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of NYSE TD traded up $0.66 during mid-day trading on Tuesday, reaching $60.70. The company had a trading volume of 1,643,906 shares, compared to its average volume of 2,888,900. The stock has a market cap of $106.24 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The business's 50-day moving average is $54.90 and its 200-day moving average is $57.39. 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 company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 4.93%. Toronto-Dominion Bank's payout ratio is presently 84.15%.

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.