Rempart Asset Management Inc. Decreases Position in The Toronto-Dominion Bank (NYSE:TD)

Rempart Asset Management Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,930 shares of the bank’s stock after selling 840 shares during the period. Toronto-Dominion Bank comprises approximately 0.7% of Rempart Asset Management Inc.’s holdings, making the stock its 25th largest position. Rempart Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $3,502,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Dunhill Financial LLC boosted its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares during the period. Versant Capital Management Inc grew its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the second quarter worth about $49,000. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.0 %

Toronto-Dominion Bank stock traded down $0.52 during mid-day trading on Wednesday, hitting $54.12. The company’s stock had a trading volume of 321,566 shares, compared to its average volume of 2,988,789. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The company has a 50 day moving average of $54.62 and a 200-day moving average of $57.34. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a market cap of $94.73 billion, a PE ratio of 15.60, a P/E/G ratio of 1.69 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 89.34%.

Analyst Upgrades and Downgrades

TD has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently 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.