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

JCIC Asset Management Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,353 shares of the bank’s stock after selling 200 shares during the quarter. JCIC Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TD. Dimensional Fund Advisors LP boosted its stake in Toronto-Dominion Bank by 61.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after purchasing an additional 2,215,185 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Toronto-Dominion Bank by 31.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,102,035 shares of the bank’s stock valued at $549,550,000 after buying an additional 2,188,263 shares during the last quarter. National Bank of Canada FI increased its holdings in Toronto-Dominion Bank by 6.2% in the 1st quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after buying an additional 1,736,931 shares in the last quarter. 1832 Asset Management L.P. raised its position in Toronto-Dominion Bank by 6.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Toronto-Dominion Bank by 17.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,175,457 shares of the bank’s stock valued at $493,880,000 after acquiring an additional 1,238,502 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.9 %

NYSE:TD opened at $56.73 on Thursday. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12. The business has a fifty day moving average price of $60.61 and a 200-day moving average price of $57.98. The firm has a market capitalization of $99.19 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.82 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 annualized dividend and a yield of 5.21%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 96.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. UBS Group assumed coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating for the company. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.00.

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.