Ewing Morris & Co. Investment Partners Ltd. Buys Shares of 55,221 The Toronto-Dominion Bank (NYSE:TD)

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 55,221 shares of the bank's stock, valued at approximately $2,940,000. Toronto-Dominion Bank comprises approximately 1.1% of Ewing Morris & Co. Investment Partners Ltd.'s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Wealth Enhancement Advisory Services LLC boosted its position in Toronto-Dominion Bank by 44.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank's stock worth $531,000 after purchasing an additional 3,082 shares during the period. JCIC Asset Management Inc. boosted its position in Toronto-Dominion Bank by 97.3% during the fourth quarter. JCIC Asset Management Inc. now owns 8,590 shares of the bank's stock worth $457,000 after purchasing an additional 4,237 shares during the period. Keystone Financial Planning Inc. boosted its position in Toronto-Dominion Bank by 4.0% during the fourth quarter. Keystone Financial Planning Inc. now owns 117,713 shares of the bank's stock worth $6,267,000 after purchasing an additional 4,534 shares during the period. Pacifica Partners Inc. boosted its position in Toronto-Dominion Bank by 1.2% during the fourth quarter. Pacifica Partners Inc. now owns 65,777 shares of the bank's stock worth $3,489,000 after purchasing an additional 780 shares during the period. Finally, Pines Wealth Management LLC bought a new position in Toronto-Dominion Bank during the fourth quarter worth $274,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TD. StockNews.com downgraded 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 report on Tuesday, February 18th. 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 given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Up 0.2%

NYSE TD traded up $0.14 on Friday, reaching $63.19. The company had a trading volume of 921,346 shares, compared to its average volume of 2,394,094. The stock has a market capitalization of $109.69 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.95 and a beta of 0.81. The company's fifty day moving average is $60.17 and its 200 day moving average is $57.52. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a $0.7278 dividend. 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 payout ratio is currently 85.59%.

Toronto-Dominion Bank 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.