Toronto Dominion Bank (The) (NYSE:TD) is Lincluden Management Ltd.'s Largest Position

Lincluden Management Ltd. cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 0.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,182,323 shares of the bank's stock after selling 4,789 shares during the period. Toronto Dominion Bank accounts for 9.0% of Lincluden Management Ltd.'s holdings, making the stock its biggest holding. Lincluden Management Ltd. owned about 0.07% of Toronto Dominion Bank worth $70,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after acquiring an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Toronto Dominion Bank in the first quarter worth about $32,000. CoreCap Advisors LLC boosted its holdings in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Toronto Dominion Bank in the first quarter worth about $34,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Toronto Dominion Bank Stock Performance

NYSE:TD traded up $0.02 during trading hours on Friday, reaching $74.88. The company had a trading volume of 2,508,516 shares, compared to its average volume of 1,997,299. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $75.58. The firm has a market cap of $128.83 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The business's 50 day moving average price is $71.46 and its 200-day moving average price is $63.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the company posted $2.04 earnings per share. Research analysts forecast 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 $0.7568 dividend. 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. This represents a $3.03 dividend on an annualized basis and a yield of 4.04%. Toronto Dominion Bank's payout ratio is presently 45.31%.

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.