The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,268,888 shares of the bank's stock after selling 1,004,632 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.07% of Toronto-Dominion Bank worth $67,521,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the period. Versant Capital Management Inc boosted 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 worth $37,000 after buying an additional 200 shares during the last quarter. Cardinal Capital Management grew its holdings in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after buying an additional 205 shares during the period. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 9.1% during the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock valued at $159,000 after acquiring an additional 250 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its holdings in shares of Toronto-Dominion Bank by 2.8% during the 4th quarter. Bridgewater Advisors Inc. now owns 10,381 shares of the bank's stock worth $568,000 after acquiring an additional 286 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Up 1.3 %

NYSE TD traded up $0.80 during trading hours on Friday, hitting $63.94. The company had a trading volume of 1,352,976 shares, compared to its average volume of 2,444,129. The firm's 50 day moving average is $59.79 and its 200 day moving average is $57.29. 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 Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a market capitalization of $110.99 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a dividend of $0.7278 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.55%. Toronto-Dominion Bank's payout ratio is currently 85.59%.

Analysts Set New Price Targets

TD has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $80.50.

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.