The Toronto-Dominion Bank (NYSE:TD) is Value Partners Investments Inc.'s 6th Largest Position

Value Partners Investments Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,015,258 shares of the bank's stock after selling 139,468 shares during the quarter. Toronto-Dominion Bank comprises about 5.5% of Value Partners Investments Inc.'s holdings, making the stock its 6th largest position. Value Partners Investments Inc. owned approximately 0.06% of Toronto-Dominion Bank worth $67,297,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TD. Norges Bank acquired a new position in Toronto-Dominion Bank during the fourth quarter worth $1,484,341,000. National Bank of Canada FI increased its holdings in shares of Toronto-Dominion Bank by 20.8% in the 3rd quarter. National Bank of Canada FI now owns 38,707,020 shares of the bank's stock valued at $2,275,959,000 after purchasing an additional 6,665,503 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Toronto-Dominion Bank by 40.7% in the first quarter. JPMorgan Chase & Co. now owns 15,905,184 shares of the bank's stock valued at $952,719,000 after purchasing an additional 4,604,833 shares during the period. State Street Corp boosted its holdings in Toronto-Dominion Bank by 38,639.3% during the second quarter. State Street Corp now owns 3,121,614 shares of the bank's stock worth $193,571,000 after buying an additional 3,113,556 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Toronto-Dominion Bank by 20.1% during the third quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank's stock worth $1,039,691,000 after buying an additional 2,870,662 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

TD has been the topic of a number of recent research reports. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, December 20th. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a "hold" rating on the stock. Barclays assumed coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Finally, Bank of America cut shares of Toronto-Dominion Bank from a "buy" rating to a "neutral" rating in a research report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $89.33.

Toronto-Dominion Bank Stock Down 2.5 %

NYSE:TD traded down $1.48 during mid-day trading on Wednesday, hitting $57.59. The company had a trading volume of 3,530,687 shares, compared to its average volume of 2,934,720. The business has a fifty day simple moving average of $59.73 and a 200-day simple moving average of $60.20. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $101.66 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.81 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank's dividend payout ratio is presently 30.56%.

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.