Bridgewater Associates LP Acquires 155,197 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bridgewater Associates LP grew its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 280.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,583 shares of the bank's stock after buying an additional 155,197 shares during the quarter. Bridgewater Associates LP's holdings in Toronto-Dominion Bank were worth $11,206,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the period. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after acquiring an additional 194 shares during the period. Versant Capital Management Inc boosted its stake in shares of Toronto-Dominion Bank by 40.0% in the fourth 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. Cardinal Capital Management raised its stake in Toronto-Dominion Bank by 0.5% during the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after purchasing an additional 205 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Toronto-Dominion Bank by 9.1% in the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after purchasing an additional 250 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. 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, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 1.8 %

Shares of NYSE:TD traded up $1.11 during trading on Tuesday, hitting $61.93. The company had a trading volume of 234,550 shares, compared to its average volume of 2,494,009. The company has a fifty day simple moving average of $59.27 and a two-hundred day simple moving average of $57.06. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a market cap of $108.53 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.70%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.