Nexus Investment Management ULC Decreases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Nexus Investment Management ULC lowered its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 743,742 shares of the bank’s stock after selling 12,600 shares during the period. Toronto-Dominion Bank comprises approximately 4.0% of Nexus Investment Management ULC’s holdings, making the stock its 5th largest position. Nexus Investment Management ULC’s holdings in Toronto-Dominion Bank were worth $39,507,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in shares of Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after acquiring an additional 170 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after purchasing an additional 184 shares in the last quarter. Passumpsic Savings Bank boosted its holdings in shares of Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after purchasing an additional 194 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 3.9 %

NYSE:TD opened at $57.49 on Friday. The company has a market cap of $100.63 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month 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 stock has a fifty day simple moving average of $54.48 and a 200-day simple moving average of $57.31.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.21%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 87.03%.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. 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. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on 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.