Montrusco Bolton Investments Inc. Reduces Holdings in The Toronto-Dominion Bank (NYSE:TD)

Montrusco Bolton Investments Inc. reduced its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,506,920 shares of the bank's stock after selling 251,016 shares during the quarter. Toronto-Dominion Bank comprises 1.2% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 25th biggest holding. Montrusco Bolton Investments Inc. owned approximately 0.08% of Toronto-Dominion Bank worth $97,848,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New Hampshire acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC raised its stake in Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock worth $38,000 after buying an additional 286 shares during the period. Bruce G. Allen Investments LLC bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $50,000. Bfsg LLC acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $57,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $60,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Up 0.6 %

Shares of TD stock traded up $0.36 on Friday, hitting $57.24. The stock had a trading volume of 2,552,836 shares, compared to its average volume of 3,433,748. The business has a 50 day moving average of $58.46 and a 200 day moving average of $59.98. The stock has a market cap of $100.72 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.84. The Toronto-Dominion Bank has a 12-month low of $54.12 and a 12-month high of $66.15. 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 posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. As a group, analysts expect that The Toronto-Dominion Bank will post 5.76 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were issued a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.25%. Toronto-Dominion Bank's dividend payout ratio is presently 64.53%.

Analysts Set New Price Targets

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

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.