Intact Investment Management Inc. Has $85.57 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Intact Investment Management Inc. reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 34.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,324,149 shares of the bank’s stock after selling 685,800 shares during the quarter. Toronto-Dominion Bank accounts for approximately 3.5% of Intact Investment Management Inc.’s holdings, making the stock its 2nd biggest position. Intact Investment Management Inc.’s holdings in Toronto-Dominion Bank were worth $85,565,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TD. Bray Capital Advisors lifted its position in shares of Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. Bank of New Hampshire purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Avior Wealth Management LLC lifted its holdings in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares in the last quarter. Arlington Trust Co LLC purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $50,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TD. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Finally, Barclays started coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Trading Up 0.5 %

TD stock traded up $0.27 during midday trading on Friday, reaching $59.38. The company’s stock had a trading volume of 2,542,598 shares, compared to its average volume of 3,322,045. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day simple moving average of $59.35 and a two-hundred day simple moving average of $60.07. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The firm has a market capitalization of $104.70 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.82 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. On average, equities research analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. The ex-dividend date is Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.07%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 30.56%.

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.