JCIC Asset Management Inc. Has $457,000 Stock Position in The Toronto-Dominion Bank (NYSE:TD)

JCIC Asset Management Inc. boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 97.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,590 shares of the bank’s stock after purchasing an additional 4,237 shares during the quarter. JCIC Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TD. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank in the third quarter valued at about $63,000. Finally, Eastern Bank acquired a new position in Toronto-Dominion Bank in the third quarter worth about $66,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of NYSE TD traded up $0.20 during midday trading on Monday, hitting $54.39. The stock had a trading volume of 1,419,469 shares, compared to its average volume of 3,608,508. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.02. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market cap of $95.20 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The company’s 50-day simple moving average is $54.55 and its 200 day simple moving average is $57.33.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio is presently 83.86%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $80.50.

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.