Value Partners Investments Inc. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Value Partners Investments Inc. cut its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 89.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,337 shares of the bank's stock after selling 969,642 shares during the quarter. Toronto-Dominion Bank makes up 3.5% of Value Partners Investments Inc.'s holdings, making the stock its 2nd biggest holding. Value Partners Investments Inc.'s holdings in Toronto-Dominion Bank were worth $6,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $416,000. Vanguard Group Inc. raised its holdings in Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after purchasing an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Toronto-Dominion Bank by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock worth $384,042,000 after purchasing an additional 236,037 shares during the period. Nicola Wealth Management LTD. boosted its stake in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock valued at $27,153,000 after purchasing an additional 68,400 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its position in shares of Toronto-Dominion Bank by 21.2% during the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after buying an additional 11,100 shares during the period. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.4%

Shares of NYSE TD traded up $0.30 during mid-day trading on Friday, hitting $69.04. The stock had a trading volume of 643,510 shares, compared to its average volume of 2,357,922. The firm has a market cap of $119.84 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $69.08. 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 business has a 50 day moving average price of $62.04 and a two-hundred day moving average price of $58.45.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its 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. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $2.04 EPS. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio is presently 42.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TD shares. Scotiabank began coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada increased 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. Finally, Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. One 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, Toronto-Dominion Bank has an average rating of "Hold" and a consensus target price of $93.00.

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.