Dimensional Fund Advisors LP boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,289,369 shares of the bank's stock after purchasing an additional 500,316 shares during the period. Dimensional Fund Advisors LP owned about 0.42% of Toronto-Dominion Bank worth $388,084,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the 4th quarter worth about $32,000. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. bought a new position in Toronto-Dominion Bank in the 4th quarter worth about $51,000. Institutional investors own 52.37% of the company's stock.
Toronto-Dominion Bank Stock Down 0.2 %
TD traded down $0.11 on Friday, hitting $62.10. The company had a trading volume of 459,788 shares, compared to its average volume of 2,485,420. The stock has a market capitalization of $107.79 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average price of $59.40 and a 200-day moving average price of $57.12. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.
Toronto-Dominion Bank Cuts Dividend
The firm also recently declared 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 4.69%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is presently 85.59%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on TD shares. 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. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have issued 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, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of $80.50.
Check Out Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank 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.
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