Lincluden Management Ltd. Acquires 121,231 Shares of The Toronto-Dominion Bank (NYSE:TD)

Lincluden Management Ltd. boosted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,187,112 shares of the bank’s stock after purchasing an additional 121,231 shares during the quarter. Toronto-Dominion Bank accounts for about 7.6% of Lincluden Management Ltd.’s portfolio, making the stock its 2nd largest holding. Lincluden Management Ltd. owned approximately 0.07% of Toronto-Dominion Bank worth $63,200,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $4,162,000. Wealth Enhancement Advisory Services LLC raised its holdings in Toronto-Dominion Bank by 16.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank’s stock valued at $436,000 after acquiring an additional 992 shares in the last quarter. Canoe Financial LP acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at $516,000. Insight Folios Inc lifted its position in shares of Toronto-Dominion Bank by 6.6% during the 3rd quarter. Insight Folios Inc now owns 106,266 shares of the bank’s stock valued at $6,722,000 after acquiring an additional 6,598 shares during the period. Finally, Pathway Financial Advisers LLC increased its position in shares of Toronto-Dominion Bank by 11.7% in the third quarter. Pathway Financial Advisers LLC now owns 34,637 shares of the bank’s stock worth $2,191,000 after purchasing an additional 3,638 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada cut their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $59.38 on Tuesday. The company’s 50 day moving average price is $56.16 and its two-hundred day moving average price is $57.58. The firm has a market capitalization of $103.93 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.04%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 84.15%.

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.