Toronto Dominion Bank (The) $TD is Lincluden Management Ltd.’s Largest Position

Lincluden Management Ltd. reduced its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 829,383 shares of the bank’s stock after selling 77,249 shares during the quarter. Toronto Dominion Bank accounts for about 8.5% of Lincluden Management Ltd.’s investment portfolio, making the stock its largest holding. Lincluden Management Ltd.’s holdings in Toronto Dominion Bank were worth $78,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Toronto Dominion Bank by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock valued at $7,280,911,000 after buying an additional 765,107 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after buying an additional 246,999 shares during the last quarter. Canerector Inc. boosted its stake in shares of Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after buying an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Toronto Dominion Bank by 25.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after buying an additional 3,129,457 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Toronto Dominion Bank by 3.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,113,286 shares of the bank’s stock valued at $808,477,000 after buying an additional 316,901 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TD. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $105.34 on Wednesday. The business’s fifty day moving average price is $97.81 and its 200 day moving average price is $91.96. Toronto Dominion Bank has a 12-month low of $62.56 and a 12-month high of $106.94. The stock has a market capitalization of $174.46 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. During the same period last year, the business posted $2.02 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 6.87 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.1%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.36%.

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.