Intact Investment Management Inc. Has $85.57 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Intact Investment Management Inc. lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,324,149 shares of the bank's stock after selling 685,800 shares during the period. Toronto-Dominion Bank comprises 3.5% of Intact Investment Management Inc.'s investment portfolio, making the stock its 2nd biggest position. Intact Investment Management Inc. owned about 0.07% of Toronto-Dominion Bank worth $85,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Addison Advisors LLC increased its stake in shares of Toronto-Dominion Bank by 31.4% during the fourth quarter. Addison Advisors LLC now owns 4,432 shares of the bank's stock worth $286,000 after purchasing an additional 1,060 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Toronto-Dominion Bank by 94.1% during the fourth quarter. Headlands Technologies LLC now owns 4,983 shares of the bank's stock worth $322,000 after purchasing an additional 2,416 shares in the last quarter. K.J. Harrison & Partners Inc increased its stake in shares of Toronto-Dominion Bank by 17.8% during the fourth quarter. K.J. Harrison & Partners Inc now owns 224,966 shares of the bank's stock worth $14,563,000 after purchasing an additional 34,064 shares in the last quarter. Syon Capital LLC increased its stake in shares of Toronto-Dominion Bank by 109.2% during the fourth quarter. Syon Capital LLC now owns 12,840 shares of the bank's stock worth $830,000 after purchasing an additional 6,703 shares in the last quarter. Finally, Bank of New Hampshire purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.5 %

NYSE:TD traded up $0.27 on Friday, hitting $59.38. The stock had a trading volume of 2,542,598 shares, compared to its average volume of 3,322,045. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $104.70 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.82 and a beta of 0.86. The company has a fifty day moving average price of $59.35 and a two-hundred day moving average price of $60.08. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The company 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 research analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 annualized dividend and a yield of 5.07%. 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 payout ratio is presently 30.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an "equal weight" rating on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and a consensus target price of $89.33.

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.