Fiera Capital Corp Sells 3,116,986 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Fiera Capital Corp lessened its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 78.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 844,061 shares of the bank’s stock after selling 3,116,986 shares during the quarter. Fiera Capital Corp’s holdings in Toronto Dominion Bank were worth $50,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in Toronto Dominion Bank by 144.6% in the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank’s stock worth $691,000 after purchasing an additional 6,818 shares during the period. Bank of New York Mellon Corp grew its stake in Toronto Dominion Bank by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock worth $96,290,000 after purchasing an additional 104,864 shares during the period. Te Ahumairangi Investment Management Ltd grew its stake in Toronto Dominion Bank by 21.2% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank’s stock worth $3,383,000 after purchasing an additional 11,100 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Toronto Dominion Bank by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank’s stock worth $743,037,000 after purchasing an additional 181,781 shares during the period. Finally, Williams Financial LLC purchased a new stake in Toronto Dominion Bank in the first quarter worth $228,000. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating on the stock. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $74.15 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $75.58. The stock has a 50-day moving average price of $71.65 and a 200 day moving average price of $63.85. The stock has a market capitalization of $127.57 billion, a P/E ratio of 10.87, a P/E/G ratio of 1.69 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $13.36 billion. During the same quarter last year, the business posted $2.04 earnings per share. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.73. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 45.31%.

About Toronto Dominion Bank

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.