Intact Investment Management Inc. Has $85.57 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Intact Investment Management Inc. decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,324,149 shares of the bank’s stock after selling 685,800 shares during the period. Toronto-Dominion Bank makes up about 3.5% of Intact Investment Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Intact Investment Management Inc. owned about 0.07% of Toronto-Dominion Bank worth $85,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Addison Advisors LLC increased its position in shares of Toronto-Dominion Bank by 31.4% during the fourth quarter. Addison Advisors LLC now owns 4,432 shares of the bank’s stock worth $286,000 after acquiring an additional 1,060 shares in the last quarter. Headlands Technologies LLC grew its position in Toronto-Dominion Bank by 94.1% in the fourth quarter. Headlands Technologies LLC now owns 4,983 shares of the bank’s stock valued at $322,000 after purchasing an additional 2,416 shares in the last quarter. K.J. Harrison & Partners Inc grew its position in Toronto-Dominion Bank by 17.8% in the fourth quarter. K.J. Harrison & Partners Inc now owns 224,966 shares of the bank’s stock valued at $14,563,000 after purchasing an additional 34,064 shares in the last quarter. Syon Capital LLC grew its position in Toronto-Dominion Bank by 109.2% in the fourth quarter. Syon Capital LLC now owns 12,840 shares of the bank’s stock valued at $830,000 after purchasing an additional 6,703 shares in the last quarter. Finally, Bank of New Hampshire bought a new position in Toronto-Dominion Bank in the fourth quarter valued at $32,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD traded up $0.27 during mid-day trading on Friday, reaching $59.38. 2,542,598 shares of the company were exchanged, compared to its average volume of 3,322,045. The company’s 50-day simple moving average is $59.35 and its 200-day simple moving average is $60.07. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $104.70 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.82 and a beta of 0.86. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, research analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, April 8th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TD shares. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $89.33.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.