Toronto Dominion Bank (The) $TD is Intact Investment Management Inc.’s Largest Position

Intact Investment Management Inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,206,477 shares of the bank’s stock after purchasing an additional 226,742 shares during the quarter. Toronto Dominion Bank accounts for 5.3% of Intact Investment Management Inc.’s investment portfolio, making the stock its biggest holding. Intact Investment Management Inc. owned approximately 0.13% of Toronto Dominion Bank worth $176,448,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Toronto Dominion Bank in the third quarter valued at $27,000. Mather Group LLC. purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth about $30,000. Quaker Wealth Management LLC grew its stake in Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Finally, Sachetta LLC acquired a new position in Toronto Dominion Bank during the third quarter worth about $33,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Natl Bk Canada raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Up 0.4%

Shares of NYSE TD opened at $95.14 on Monday. The firm has a market cap of $159.67 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1 year low of $54.14 and a 1 year high of $96.44. The firm’s 50 day moving average price is $90.39 and its 200 day moving average price is $81.81.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.