The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Reduced by Lincluden Management Ltd.

Lincluden Management Ltd. cut its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,101,893 shares of the bank's stock after selling 199,085 shares during the period. Toronto-Dominion Bank accounts for approximately 8.6% of Lincluden Management Ltd.'s portfolio, making the stock its largest position. Lincluden Management Ltd. owned 0.06% of Toronto-Dominion Bank worth $71,192,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Calton & Associates Inc. purchased a new position in Toronto-Dominion Bank during the 4th quarter valued at about $268,000. Maryland State Retirement & Pension System boosted its position in shares of Toronto-Dominion Bank by 0.8% in the 4th quarter. Maryland State Retirement & Pension System now owns 62,939 shares of the bank's stock worth $4,069,000 after purchasing an additional 523 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Toronto-Dominion Bank by 22.1% in the 4th quarter. Private Advisor Group LLC now owns 22,667 shares of the bank's stock worth $1,464,000 after buying an additional 4,106 shares during the last quarter. Metis Global Partners LLC increased its position in Toronto-Dominion Bank by 10.3% during the 4th quarter. Metis Global Partners LLC now owns 87,915 shares of the bank's stock valued at $5,681,000 after buying an additional 8,217 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its stake in Toronto-Dominion Bank by 10.3% during the fourth quarter. Connecticut Wealth Management LLC now owns 3,980 shares of the bank's stock valued at $257,000 after buying an additional 371 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD traded up $0.49 during mid-day trading on Friday, hitting $56.62. 3,927,323 shares of the company traded hands, compared to its average volume of 3,484,211. The Toronto-Dominion Bank has a 1 year low of $54.12 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day moving average price of $58.76 and a two-hundred day moving average price of $59.94. The stock has a market cap of $99.63 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.76 and a beta of 0.84.

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 for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion during 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 anticipate that The Toronto-Dominion Bank will post 5.76 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a $0.7519 dividend. This represents a $3.01 annualized dividend and a yield of 5.31%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 64.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a "hold" rating for the company. Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a report on Wednesday, April 17th. Finally, Barclays began coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an "equal weight" rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $89.33.

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.