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

Lincluden Management Ltd. boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,187,112 shares of the bank’s stock after acquiring 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 position. Lincluden Management Ltd.’s holdings in Toronto-Dominion Bank were worth $63,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its stake in shares of Toronto-Dominion Bank by 9.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 4,271 shares of the bank’s stock valued at $227,000 after buying an additional 373 shares during the period. IFP Advisors Inc boosted its holdings in Toronto-Dominion Bank by 367.0% in the fourth quarter. IFP Advisors Inc now owns 2,279 shares of the bank’s stock valued at $121,000 after acquiring an additional 1,791 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $58,000. Global Retirement Partners LLC increased its position in Toronto-Dominion Bank by 26.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,309 shares of the bank’s stock valued at $123,000 after purchasing an additional 481 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $59.38 on Tuesday. 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 firm’s 50-day moving average price is $56.16 and its 200-day moving average price is $57.58. 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 Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Royal Bank of Canada decreased 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price 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.