Pacifica Partners Inc. Has $3.49 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Pacifica Partners Inc. lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,777 shares of the bank’s stock after purchasing an additional 780 shares during the quarter. Toronto-Dominion Bank accounts for 1.5% of Pacifica Partners Inc.’s portfolio, making the stock its 21st largest position. Pacifica Partners Inc.’s holdings in Toronto-Dominion Bank were worth $3,489,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dunhill Financial LLC lifted its holdings 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 acquiring an additional 249 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the period. Kimelman & Baird LLC bought a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at approximately $63,000. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at approximately $66,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Royal Bank of Canada decreased their price objective on 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. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $54.74 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The stock has a 50 day moving average price of $54.52 and a 200 day moving average price of $57.32. The stock has a market capitalization of $95.81 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.47%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

About Toronto-Dominion Bank

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.