Toronto Dominion Bank (The) $TD is Intact Investment Management Inc.’s Largest Position

Intact Investment Management Inc. boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,206,477 shares of the bank’s stock after purchasing an additional 226,742 shares during the period. Toronto Dominion Bank makes up approximately 5.3% of Intact Investment Management Inc.’s portfolio, making the stock its biggest holding. Intact Investment Management Inc.’s holdings in Toronto Dominion Bank were worth $176,448,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TD. AQR Capital Management LLC acquired a new stake in shares of Toronto Dominion Bank during the 1st quarter worth $568,000. Focus Partners Wealth grew its position in Toronto Dominion Bank by 27.7% during the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after acquiring an additional 5,410 shares during the period. Sivia Capital Partners LLC acquired a new stake in Toronto Dominion Bank during the second quarter worth about $259,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Toronto Dominion Bank by 43.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 24,521 shares of the bank’s stock worth $1,840,000 after purchasing an additional 7,467 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Toronto Dominion Bank by 8.3% in the 2nd quarter. Signaturefd LLC now owns 23,186 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of several research reports. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of TD stock opened at $95.14 on Monday. The firm has a fifty day simple moving average of $90.39 and a 200-day simple moving average of $81.81. The company has a market capitalization of $159.67 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. Toronto Dominion Bank has a twelve month low of $54.14 and a twelve month high of $96.44. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be issued a $1.08 dividend. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.