The Toronto-Dominion Bank (NYSE:TD) is QV Investors Inc.’s 7th Largest Position

QV Investors Inc. trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 33.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 576,217 shares of the bank’s stock after selling 289,010 shares during the quarter. Toronto-Dominion Bank accounts for approximately 3.2% of QV Investors Inc.’s portfolio, making the stock its 7th biggest holding. QV Investors Inc.’s holdings in Toronto-Dominion Bank were worth $30,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after acquiring an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toronto-Dominion Bank by 61.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock worth $319,151,000 after buying an additional 2,215,185 shares during the period. Quadrature Capital Ltd increased its stake in Toronto-Dominion Bank by 175.5% in the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock worth $156,202,000 after buying an additional 1,571,700 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after acquiring an additional 1,462,794 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TD. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada decreased their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.3 %

NYSE:TD traded up $0.15 during midday trading on Monday, hitting $54.34. 1,173,539 shares of the company traded hands, compared to its average volume of 3,578,460. 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 firm’s fifty day moving average is $54.55 and its 200-day moving average is $57.33. The firm has a market capitalization of $95.11 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.7482 dividend. This is a positive change 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 5.51%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is 83.86%.

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.