Bayesian Capital Management LP Acquires New Shares in The Toronto-Dominion Bank (NYSE:TD)

Bayesian Capital Management LP bought a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,145 shares of the bank's stock, valued at approximately $434,000.

Other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at $265,000. Wilmington Savings Fund Society FSB acquired a new position in Toronto-Dominion Bank in the third quarter valued at $247,000. Versant Capital Management Inc grew its holdings 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 last quarter. Bank of New Hampshire lifted its holdings in shares of Toronto-Dominion Bank by 499.2% in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Toronto-Dominion Bank by 44.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank's stock valued at $531,000 after purchasing an additional 3,082 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

NYSE TD traded up $0.14 during trading hours on Friday, hitting $63.19. 921,346 shares of the stock were exchanged, compared to its average volume of 2,400,226. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock has a 50-day moving average of $60.17 and a 200 day moving average of $57.51. The company has a market cap of $109.69 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.59%.

Analysts Set New Price Targets

TD has been the subject of a number of research reports. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.