Caisse DE Depot ET Placement DU Quebec Decreases Position in Toronto Dominion Bank (The) $TD

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its holdings in Toronto Dominion Bank by 13.9%, owning 1,092,987 shares worth approximately $65.5 million after selling 175,901 shares.
• Several institutional investors have increased their stakes in Toronto Dominion Bank, including ICONIQ Capital, which raised its position by 42.4%, suggesting growing confidence among large investors.
• Analysts have mixed ratings on the stock, with an average "Hold" rating and a price target upgrade to $93.00 from Royal Bank Of Canada, indicating potential for future growth.

Caisse DE Depot ET Placement DU Quebec cut its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,092,987 shares of the bank's stock after selling 175,901 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Toronto Dominion Bank worth $65,484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. Guggenheim Capital LLC raised its holdings in Toronto Dominion Bank by 40.9% during the fourth quarter. Guggenheim Capital LLC now owns 6,771 shares of the bank's stock worth $360,000 after purchasing an additional 1,966 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Toronto Dominion Bank by 198.4% during the fourth quarter. NewEdge Advisors LLC now owns 6,334 shares of the bank's stock worth $337,000 after purchasing an additional 4,211 shares during the last quarter. Capital Analysts LLC raised its holdings in Toronto Dominion Bank by 15.4% during the fourth quarter. Capital Analysts LLC now owns 2,380 shares of the bank's stock worth $127,000 after purchasing an additional 318 shares during the last quarter. Northern Trust Corp raised its holdings in Toronto Dominion Bank by 36.2% during the fourth quarter. Northern Trust Corp now owns 1,142,569 shares of the bank's stock worth $60,830,000 after purchasing an additional 303,836 shares during the last quarter. Finally, Guardian Capital LP increased its position in Toronto Dominion Bank by 1.7% during the fourth quarter. Guardian Capital LP now owns 844,922 shares of the bank's stock worth $44,960,000 after buying an additional 14,391 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 4.3%

TD stock traded down $3.28 during trading on Thursday, reaching $72.86. 6,170,447 shares of the stock traded hands, compared to its average volume of 1,772,648. The business's 50 day moving average price is $73.70 and its 200-day moving average price is $66.40. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $78.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $124.97 billion, a PE ratio of 10.68, a P/E/G ratio of 1.67 and a beta of 0.84.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.8%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 45.31%.

Analysts Set New Price Targets

TD has been the subject of several recent research reports. 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 research report on Friday, May 23rd. Scotiabank initiated coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.