Rempart Asset Management Inc. Sells 6,940 Shares of The Toronto-Dominion Bank (NYSE:TD)

Rempart Asset Management Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 10.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 58,990 shares of the bank's stock after selling 6,940 shares during the period. Toronto-Dominion Bank comprises about 0.7% of Rempart Asset Management Inc.'s holdings, making the stock its 25th largest holding. Rempart Asset Management Inc.'s holdings in Toronto-Dominion Bank were worth $3,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Toronto-Dominion Bank by 9.1% in the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after buying an additional 250 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $58,000. Hanson & Doremus Investment Management grew its stake in shares of Toronto-Dominion Bank by 4.8% in the 4th quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank's stock worth $395,000 after buying an additional 340 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $110,000. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Toronto-Dominion Bank by 6.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,502 shares of the bank's stock worth $298,000 after buying an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TD shares. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank began coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Royal Bank of Canada increased their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of $93.00.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD traded up $0.11 during midday trading on Monday, hitting $69.16. 533,929 shares of the stock traded hands, compared to its average volume of 2,353,589. The firm has a 50-day moving average of $62.20 and a two-hundred day moving average of $58.57. The firm has a market capitalization of $120.05 billion, a P/E ratio of 19.94, a PEG ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $69.32.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same period in the prior year, the firm earned $2.04 EPS. On average, equities analysts forecast that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 4.38%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio is presently 42.67%.

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.