CGOV Asset Management lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,299,323 shares of the bank’s stock after selling 156,227 shares during the period. Toronto Dominion Bank makes up approximately 9.2% of CGOV Asset Management’s investment portfolio, making the stock its largest position. CGOV Asset Management’s holdings in Toronto Dominion Bank were worth $242,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Toronto Dominion Bank by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock valued at $2,092,385,000 after acquiring an additional 2,014,823 shares during the period. Jarislowsky Fraser Ltd increased its holdings in shares of Toronto Dominion Bank by 0.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 25,541,085 shares of the bank’s stock valued at $1,434,663,000 after acquiring an additional 142,815 shares during the period. Great West Life Assurance Co. Can increased its stake in Toronto Dominion Bank by 9.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock valued at $1,016,362,000 after buying an additional 1,496,114 shares during the period. CIBC Asset Management Inc increased its stake in Toronto Dominion Bank by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 11,510,442 shares of the bank’s stock valued at $646,340,000 after buying an additional 69,805 shares during the period. Finally, Schroder Investment Management Group increased its stake in Toronto Dominion Bank by 18.9% in the 3rd quarter. Schroder Investment Management Group now owns 7,909,119 shares of the bank’s stock valued at $555,292,000 after buying an additional 1,256,500 shares during the period. 48.75% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on TD shares. Macquarie started coverage on shares of Toronto Dominion Bank in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Scotiabank reissued a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $72.50.

Shares of Toronto Dominion Bank (NYSE:TD) traded down $0.37 during midday trading on Thursday, hitting $58.98. 1,289,100 shares of the company’s stock traded hands, compared to its average volume of 1,136,429. The stock has a market cap of $108,470.00, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.64 and a beta of 0.90. Toronto Dominion Bank has a 52 week low of $45.18 and a 52 week high of $60.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.466 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.16%. Toronto Dominion Bank’s payout ratio is currently 42.47%.

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About Toronto Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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