Toronto-Dominion Bank (TD) is Beutel Goodman & Co Ltd.’s 2nd Largest Position

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Beutel Goodman & Co Ltd. trimmed its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 22,778,564 shares of the bank’s stock after selling 512,335 shares during the period. Toronto-Dominion Bank makes up 9.6% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 2nd biggest position. Beutel Goodman & Co Ltd.’s holdings in Toronto-Dominion Bank were worth $113,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in Toronto-Dominion Bank by 24.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 902 shares of the bank’s stock valued at $45,000 after buying an additional 180 shares during the last quarter. Ballentine Partners LLC raised its holdings in Toronto-Dominion Bank by 1.5% during the 4th quarter. Ballentine Partners LLC now owns 13,242 shares of the bank’s stock valued at $659,000 after buying an additional 194 shares during the last quarter. Aries Wealth Management raised its holdings in Toronto-Dominion Bank by 1.8% during the 4th quarter. Aries Wealth Management now owns 11,392 shares of the bank’s stock valued at $566,000 after buying an additional 200 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in Toronto-Dominion Bank by 13.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,726 shares of the bank’s stock valued at $85,000 after buying an additional 200 shares during the last quarter. Finally, Community Bank N.A. raised its holdings in Toronto-Dominion Bank by 1.4% during the 4th quarter. Community Bank N.A. now owns 14,684 shares of the bank’s stock valued at $730,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 47.65% of the company’s stock.

NYSE:TD opened at $57.26 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.91. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00. The firm has a market cap of $104.48 billion, a P/E ratio of 11.38, a PEG ratio of 1.40 and a beta of 1.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, November 29th. The bank reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.40. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $9.31 billion. During the same period in the prior year, the business earned $1.36 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts expect that Toronto-Dominion Bank will post 5.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th were issued a $0.509 dividend. The ex-dividend date was Wednesday, January 9th. This represents a $2.04 annualized dividend and a yield of 3.56%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 39.17%.

A number of equities research analysts recently commented on TD shares. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. ValuEngine lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Barclays reiterated a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday, November 16th. TheStreet lowered shares of Toronto-Dominion Bank from a “b-” rating to a “c” rating in a report on Thursday, November 29th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a report on Friday, November 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Toronto-Dominion Bank has an average rating of “Buy” and an average price target of $60.00.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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