Toronto Dominion Bank (The) $TD Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 64.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,604 shares of the bank’s stock after selling 364,589 shares during the quarter. Toronto Dominion Bank makes up approximately 1.3% of Cidel Asset Management Inc.’s portfolio, making the stock its 22nd biggest position. Cidel Asset Management Inc.’s holdings in Toronto Dominion Bank were worth $19,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its holdings in Toronto Dominion Bank by 18.5% during the second quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock worth $917,832,000 after purchasing an additional 1,946,172 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto Dominion Bank by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock valued at $1,010,852,000 after buying an additional 115,203 shares in the last quarter. State of Wyoming grew its position in shares of Toronto Dominion Bank by 236.4% in the 3rd quarter. State of Wyoming now owns 25,765 shares of the bank’s stock valued at $2,061,000 after buying an additional 18,105 shares during the last quarter. Citigroup Inc. grew its position in shares of Toronto Dominion Bank by 21.8% in the 3rd quarter. Citigroup Inc. now owns 935,526 shares of the bank’s stock valued at $74,821,000 after buying an additional 167,736 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Toronto Dominion Bank by 1,477.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank’s stock worth $195,749,000 after acquiring an additional 2,497,700 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Up 0.0%

Shares of Toronto Dominion Bank stock opened at $95.24 on Monday. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $158.67 billion, a P/E ratio of 10.52, a PEG ratio of 1.08 and a beta of 0.65. The company’s fifty day moving average is $95.35 and its two-hundred day moving average is $89.17.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.

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.