Rempart Asset Management Inc. Has $3.54 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Rempart Asset Management Inc. lessened its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 10.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,990 shares of the bank's stock after selling 6,940 shares during the quarter. Toronto-Dominion Bank comprises about 0.7% of Rempart Asset Management Inc.'s investment portfolio, making the stock its 25th largest holding. Rempart Asset Management Inc.'s holdings in Toronto-Dominion Bank were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC grew its holdings in Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth $51,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TD. Scotiabank started coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $93.00.

Toronto-Dominion Bank Stock Up 0.5%

NYSE TD traded up $0.33 during trading on Friday, hitting $69.07. The stock had a trading volume of 1,635,509 shares, compared to its average volume of 2,363,033. The company's 50-day moving average price is $62.20 and its two-hundred day moving average price is $58.54. 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 company has a market capitalization of $119.90 billion, a PE ratio of 19.90, a P/E/G ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $69.30.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data 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 company had revenue of $10.97 billion during 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 quarter last year, the company earned $2.04 EPS. As a group, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio is currently 42.67%.

Toronto-Dominion Bank 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.