Fiera Capital Corp Sells 9,218 Shares of Toronto Dominion Bank (The) $TD

Fiera Capital Corp trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 825,258 shares of the bank’s stock after selling 9,218 shares during the period. Fiera Capital Corp’s holdings in Toronto Dominion Bank were worth $65,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TD. Essex Financial Services Inc. lifted its position in shares of Toronto Dominion Bank by 1.8% during the 3rd quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock worth $626,000 after purchasing an additional 139 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in Toronto Dominion Bank by 5.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after buying an additional 141 shares during the last quarter. Tobam increased its position in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after buying an additional 151 shares during the period. PDS Planning Inc lifted its holdings in shares of Toronto Dominion Bank by 2.2% during the third quarter. PDS Planning Inc now owns 7,808 shares of the bank’s stock worth $624,000 after buying an additional 169 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Toronto Dominion Bank by 2.8% in the third quarter. Checchi Capital Advisers LLC now owns 7,202 shares of the bank’s stock valued at $576,000 after acquiring an additional 199 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $95.82 on Friday. The firm has a market capitalization of $160.14 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.04. The firm has a 50-day moving average price of $94.50 and a 200 day moving average price of $84.56.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $1.72 EPS. The company’s revenue was down .1% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were paid a dividend of $1.08 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 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.