The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,961,047 shares of the bank’s stock after selling 1,864,459 shares during the period. Fiera Capital Corp’s holdings in Toronto-Dominion Bank were worth $210,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Van ECK Associates Corp grew its position in shares of Toronto-Dominion Bank by 20.7% during the fourth quarter. Van ECK Associates Corp now owns 561,482 shares of the bank’s stock worth $29,866,000 after acquiring an additional 96,117 shares during the last quarter. Louisbourg Investments Inc. grew its position in Toronto-Dominion Bank by 12.8% during the 4th quarter. Louisbourg Investments Inc. now owns 192,027 shares of the bank’s stock worth $10,218,000 after purchasing an additional 21,814 shares during the last quarter. Essex Financial Services Inc. grew its position in Toronto-Dominion Bank by 22.4% during the 4th quarter. Essex Financial Services Inc. now owns 7,668 shares of the bank’s stock worth $408,000 after purchasing an additional 1,402 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at $203,000. Finally, Apollon Wealth Management LLC raised its holdings in shares of Toronto-Dominion Bank by 19.1% in the fourth quarter. Apollon Wealth Management LLC now owns 9,086 shares of the bank’s stock valued at $484,000 after buying an additional 1,460 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 1.2 %

TD opened at $59.95 on Thursday. The business has a 50 day simple moving average of $54.99 and a 200-day simple 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. The stock has a market capitalization of $104.94 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.86 and a beta of 0.84. 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 business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of research reports. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note 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. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank 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.