Montrusco Bolton Investments Inc. Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Montrusco Bolton Investments Inc. lowered its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 505,061 shares of the bank’s stock after selling 231,984 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Toronto-Dominion Bank were worth $26,875,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Cerity Partners LLC boosted its stake in Toronto-Dominion Bank by 57.1% during the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after buying an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Toronto-Dominion Bank by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after purchasing an additional 144,427 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 purchasing an additional 2,279,864 shares during the period. Galibier Capital Management Ltd. lifted its stake in Toronto-Dominion Bank by 24.6% in the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after purchasing an additional 119,978 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in shares of Toronto-Dominion Bank by 3.2% during the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after buying an additional 14,500 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TD shares. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. 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. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD opened at $57.35 on Wednesday. The firm has a 50 day moving average of $54.62 and a 200 day moving average of $57.41. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $100.38 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 annualized dividend and a dividend yield of 5.22%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

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.