Beaton Management Co. Inc. Trims Holdings in The Toronto-Dominion Bank (NYSE:TD)

Beaton Management Co. Inc. reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,672 shares of the bank’s stock after selling 6,855 shares during the quarter. Toronto-Dominion Bank accounts for approximately 2.0% of Beaton Management Co. Inc.’s investment portfolio, making the stock its 13th biggest holding. Beaton Management Co. Inc.’s holdings in Toronto-Dominion Bank were worth $4,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after purchasing an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the period. Quadrature Capital Ltd grew its stake in shares of Toronto-Dominion Bank by 175.5% during the 3rd 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 during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Toronto-Dominion Bank by 64.6% in 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 in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after acquiring 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 Down 0.3 %

TD stock opened at $59.76 on Tuesday. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. 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 business’s 50 day moving average is $55.36 and its 200-day moving average is $57.43. The firm has a market cap of $104.62 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.86 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.