Fiera Capital Corp Increases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Fiera Capital Corp boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.2% during the third quarter, HoldingsChannel.com reports. The firm owned 5,825,506 shares of the bank’s stock after purchasing an additional 66,436 shares during the period. Toronto-Dominion Bank makes up approximately 1.1% of Fiera Capital Corp’s holdings, making the stock its 27th largest holding. Fiera Capital Corp’s holdings in Toronto-Dominion Bank were worth $368,844,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Galibier Capital Management Ltd. grew its holdings in shares of Toronto-Dominion Bank by 24.6% in the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock valued at $38,527,000 after purchasing an additional 119,978 shares during the period. Forsta AP Fonden grew its stake in shares of Toronto-Dominion Bank by 3.2% in the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after buying an additional 14,500 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Toronto-Dominion Bank by 4.5% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,452,493 shares of the bank’s stock worth $91,948,000 after buying an additional 62,569 shares during the last quarter. Williams Financial LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at approximately $10,454,000. Finally, Creative Planning grew its position in Toronto-Dominion Bank by 9.8% in the third quarter. Creative Planning now owns 144,251 shares of the bank’s stock worth $9,125,000 after acquiring an additional 12,879 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Price Performance

Shares of TD traded down $0.34 on Friday, reaching $56.45. The stock had a trading volume of 253,071 shares, compared to its average volume of 2,777,514. The firm has a 50-day moving average of $59.93 and a 200 day moving average of $57.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $98.70 billion, a PE ratio of 18.15, a PEG ratio of 1.61 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The company had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts expect that The Toronto-Dominion Bank will post 5.8 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 96.49%.

Toronto-Dominion Bank 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.