JCIC Asset Management Inc. Has $457,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

JCIC Asset Management Inc. grew its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 97.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,590 shares of the bank’s stock after acquiring an additional 4,237 shares during the period. JCIC Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TD. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the period. Versant Capital Management Inc boosted its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at $49,000. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $63,000. Finally, Eastern Bank acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of Toronto-Dominion Bank stock traded up $0.20 during trading hours on Monday, reaching $54.39. 1,419,469 shares of the company’s stock were exchanged, compared to its average volume of 3,608,508. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $54.55 and a two-hundred day moving average of $57.33. The stock has a market cap of $95.20 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.50%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 83.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $80.50.

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.