Quantinno Capital Management LP Has $1.98 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Quantinno Capital Management LP decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 36.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,172 shares of the bank's stock after selling 21,220 shares during the quarter. Quantinno Capital Management LP's holdings in Toronto-Dominion Bank were worth $1,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Toronto-Dominion Bank by 1.9% in the fourth 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 holdings in shares of Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares in the last quarter. Norges Bank bought a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $992,204,000. Beutel Goodman & Co Ltd. grew its position in Toronto-Dominion Bank by 3.8% during the 4th 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 during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after purchasing an additional 59,956 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TD. Scotiabank started coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 0.1%

NYSE TD opened at $64.75 on Thursday. The stock has a market capitalization of $112.40 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $65.02. 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 of $61.08 and a 200-day moving average of $57.97.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is 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.

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