Toronto Dominion Bank (The) (NYSE:TD) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. cut its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 20.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,434,985 shares of the bank's stock after selling 614,230 shares during the quarter. Toronto Dominion Bank comprises approximately 5.0% of Intact Investment Management Inc.'s portfolio, making the stock its largest holding. Intact Investment Management Inc. owned about 0.14% of Toronto Dominion Bank worth $145,928,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TD. Vanguard Group Inc. lifted its position in shares of Toronto Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares in the last quarter. FIL Ltd boosted its holdings in shares of Toronto Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after purchasing an additional 5,756,584 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Toronto Dominion Bank by 5.6% in the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock valued at $1,488,233,000 after purchasing an additional 1,491,472 shares during the period. Norges Bank acquired a new position in Toronto Dominion Bank in the fourth quarter valued at $992,204,000. Finally, Beutel Goodman & Co Ltd. lifted its position in Toronto Dominion Bank by 3.8% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after buying an additional 622,736 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Stock Performance

NYSE TD traded up $0.62 during trading hours on Tuesday, hitting $71.80. The company had a trading volume of 1,662,553 shares, compared to its average volume of 2,308,423. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $72.10. The business has a fifty day simple moving average of $66.07 and a 200-day simple moving average of $60.23. 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 cap of $123.52 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.82.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion for 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 period in the prior year, the firm posted $2.04 EPS. Equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio (DPR) is 42.82%.

Analysts Set New Price Targets

TD has been the topic of several recent analyst reports. Scotiabank initiated coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Royal Bank Of Canada lifted their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a 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 $93.00.

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.