The Toronto-Dominion Bank (NYSE:TD) Stake Reduced by Addenda Capital Inc.

Addenda Capital Inc. trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,328,052 shares of the bank's stock after selling 61,108 shares during the quarter. Toronto-Dominion Bank accounts for approximately 3.8% of Addenda Capital Inc.'s investment portfolio, making the stock its 2nd largest position. Addenda Capital Inc. owned 0.08% of Toronto-Dominion Bank worth $79,603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TD. Blue Trust Inc. lifted its position in shares of Toronto-Dominion Bank by 9.1% during the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after purchasing an additional 250 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $110,000. Chicago Partners Investment Group LLC raised its holdings in shares of Toronto-Dominion Bank by 6.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,502 shares of the bank's stock valued at $298,000 after acquiring an additional 334 shares in the last quarter. Five Oceans Advisors raised its holdings in shares of Toronto-Dominion Bank by 7.0% in the fourth quarter. Five Oceans Advisors now owns 8,093 shares of the bank's stock valued at $431,000 after acquiring an additional 528 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Toronto-Dominion Bank by 19.1% in the fourth quarter. Apollon Wealth Management LLC now owns 9,086 shares of the bank's stock valued at $484,000 after acquiring an additional 1,460 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TD. Scotiabank began coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada lifted 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, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average price target of $93.00.

Toronto-Dominion Bank Stock Up 0.5%

Shares of TD stock traded up $0.33 during trading hours on Thursday, reaching $69.91. 838,274 shares of the company's stock were exchanged, compared to its average volume of 2,340,650. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $70.09. The stock has a market cap of $120.44 billion, a PE ratio of 20.15, a PEG ratio of 1.95 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average price is $62.73 and its two-hundred day moving average price is $58.82.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Research analysts predict that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a $0.7568 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.33%. 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 44.72%.

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.