The Toronto-Dominion Bank (NYSE:TD) is Galibier Capital Management Ltd.'s 2nd Largest Position

Galibier Capital Management Ltd. grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 518,080 shares of the bank's stock after buying an additional 55,907 shares during the period. Toronto-Dominion Bank makes up 8.7% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 2nd biggest holding. Galibier Capital Management Ltd.'s holdings in Toronto-Dominion Bank were worth $33,640,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Toronto-Dominion Bank by 0.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 324,738 shares of the bank's stock valued at $20,740,000 after acquiring an additional 1,565 shares during the period. Independence Bank of Kentucky bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at about $60,000. Drive Wealth Management LLC bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at about $349,000. First Citizens Bank & Trust Co. increased its stake in Toronto-Dominion Bank by 8.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,485 shares of the bank's stock valued at $419,000 after acquiring an additional 516 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Toronto-Dominion Bank by 2.5% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 33,059 shares of the bank's stock valued at $2,147,000 after acquiring an additional 809 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TD shares. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a "hold" rating on the stock. Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, December 20th. Bank of America cut shares of Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research note on Monday, December 18th. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an "equal weight" rating on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $89.33.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up $0.23 during trading hours on Wednesday, reaching $59.61. 1,791,739 shares of the company were exchanged, compared to its average volume of 2,787,242. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The stock's fifty day moving average is $59.99 and its two-hundred day moving average is $60.29. The company has a market cap of $105.23 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.05%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank's dividend payout ratio is presently 45.73%.

About Toronto-Dominion Bank

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.