Intact Investment Management Inc. Has $145.93 Million Holdings in Toronto Dominion Bank (The) (NYSE:TD)

Intact Investment Management Inc. lessened its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,434,985 shares of the bank's stock after selling 614,230 shares during the quarter. Toronto Dominion Bank makes up approximately 5.0% of Intact Investment Management Inc.'s investment portfolio, making the stock its largest position. Intact Investment Management Inc. owned 0.14% of Toronto Dominion Bank worth $145,928,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Canoe Financial LP bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $51,226,000. ORG Partners LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $34,000. Means Investment CO. Inc. bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $213,000. Cardinal Capital Management raised its holdings in Toronto Dominion Bank by 1.2% during the 1st quarter. Cardinal Capital Management now owns 45,212 shares of the bank's stock worth $2,710,000 after purchasing an additional 527 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. raised its holdings in Toronto Dominion Bank by 0.9% during the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 148,842 shares of the bank's stock worth $8,928,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TD shares. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Finally, Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.7%

TD stock opened at $70.84 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $122.03 billion, a PE ratio of 10.39, a PEG ratio of 1.76 and a beta of 0.82. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $71.65. The stock has a 50-day simple moving average of $65.85 and a two-hundred day simple moving average of $60.02.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the previous year, the firm earned $2.04 earnings per share. On average, equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This represents a $3.03 annualized dividend and a yield of 4.27%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is currently 42.82%.

About Toronto Dominion Bank

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.

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