Centiva Capital LP bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,621 shares of the bank's stock, valued at approximately $299,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares in the last quarter. FIL Ltd boosted its stake in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Norges Bank bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $992,204,000. Beutel Goodman & Co Ltd. boosted its stake in Toronto-Dominion Bank by 3.8% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after acquiring an additional 622,736 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Toronto-Dominion Bank by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock worth $882,241,000 after acquiring an additional 59,956 shares in the last quarter. 52.37% of the stock is owned by institutional investors.
Toronto-Dominion Bank Stock Up 0.1%
NYSE:TD opened at $63.27 on Tuesday. The company has a market cap of $109.82 billion, a PE ratio of 18.23, a P/E/G ratio of 1.95 and a beta of 0.81. 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's 50 day moving average is $60.25 and its two-hundred day moving average is $57.56.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.59%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $80.50.
Read Our Latest Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank Company Profile
(
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.
Further Reading
Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD.
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