Capital Research Global Investors grew its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,629,797 shares of the bank's stock after acquiring an additional 5,996 shares during the period. Capital Research Global Investors owned 0.32% of Toronto-Dominion Bank worth $299,731,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Claret Asset Management Corp lifted its holdings in Toronto-Dominion Bank by 106.7% in the 4th quarter. Claret Asset Management Corp now owns 124,751 shares of the bank's stock worth $6,638,000 after purchasing an additional 64,399 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Toronto-Dominion Bank by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,289,369 shares of the bank's stock worth $388,084,000 after buying an additional 500,316 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Toronto-Dominion Bank by 9.1% in the fourth quarter. First Trust Advisors LP now owns 866,806 shares of the bank's stock worth $46,149,000 after buying an additional 72,135 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Toronto-Dominion Bank by 64.2% during the 4th quarter. Forum Financial Management LP now owns 18,711 shares of the bank's stock worth $996,000 after buying an additional 7,313 shares during the period. Finally, GeoWealth Management LLC grew its stake in Toronto-Dominion Bank by 972.9% in the 4th quarter. GeoWealth Management LLC now owns 1,030 shares of the bank's stock valued at $55,000 after buying an additional 934 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.
Wall Street Analysts Forecast Growth
TD has been the subject of a number of recent analyst reports. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $80.50.
View Our Latest Stock Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Performance
TD stock traded down $0.24 during trading on Friday, reaching $61.96. 496,785 shares of the stock were exchanged, compared to its average volume of 2,485,727. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $107.55 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock has a 50 day simple moving average of $59.40 and a 200-day simple moving average of $57.12.
Toronto-Dominion Bank Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.59%.
About Toronto-Dominion Bank
(
Free Report)
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.
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