Louisbourg Investments Inc. Has $10.22 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Louisbourg Investments Inc. lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,027 shares of the bank’s stock after buying an additional 21,814 shares during the quarter. Toronto-Dominion Bank makes up 2.5% of Louisbourg Investments Inc.’s holdings, making the stock its 10th largest holding. Louisbourg Investments Inc.’s holdings in Toronto-Dominion Bank were worth $10,218,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TD. The Manufacturers Life Insurance Company raised its position in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after acquiring an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Toronto-Dominion Bank by 175.5% in the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock worth $156,202,000 after purchasing an additional 1,571,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Toronto-Dominion Bank by 64.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock valued at $143,922,000 after buying an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after buying an additional 853,313 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of NYSE:TD opened at $60.70 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $106.24 billion, a PE ratio of 17.49, a PEG ratio of 1.86 and a beta of 0.84. The business has a 50 day moving average of $54.99 and a two-hundred day moving average of $57.41. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.7482 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 4.93%. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TD shares. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Company Profile

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.