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

Rempart Asset Management Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 65,930 shares of the bank’s stock after selling 840 shares during the quarter. Toronto-Dominion Bank makes up approximately 0.7% of Rempart Asset Management Inc.’s portfolio, making the stock its 25th biggest position. Rempart Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New Hampshire increased its position in Toronto-Dominion Bank by 499.2% during the 4th quarter. Bank of New Hampshire now owns 2,996 shares of the bank’s stock valued at $160,000 after purchasing an additional 2,496 shares during the period. Central Pacific Bank Trust Division purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $190,000. Versant Capital Management Inc raised its stake in 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. Wilmington Savings Fund Society FSB bought a new position in Toronto-Dominion Bank in the third quarter worth approximately $247,000. Finally, World Investment Advisors LLC purchased a new stake in Toronto-Dominion Bank during the third quarter worth $265,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD traded down $0.52 during trading hours on Wednesday, reaching $54.12. 321,566 shares of the company traded hands, compared to its average volume of 2,988,789. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average price of $54.62 and a 200-day moving average price of $57.34. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock has a market capitalization of $94.73 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.69 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. The ex-dividend date is Friday, January 10th. 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 dividend yield of 5.53%. Toronto-Dominion Bank’s dividend payout ratio is currently 89.34%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.